"Will Zoning Fix Itself?" by Michael Lewyn
 

Document Type

Article

Publication Date

2021

Abstract

Typically, zoning artificially limits housing supply, thus increasing housing costs. One possible defense of this system is that zoning can fix itself- that is, that when rents and housing costs become unusually high, politicians will deregulate and thus reduce housing costs. This article suggests that such a happy result is unlikely; instead, where housing costs spiral out of control, voters and politicians are likely to make regulation even more strict out of a fear of gentrification.

Source Publication

Real Estate Law Journal

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