Great piece Ryan. This is just another reminder of the negative effects of overzealous zoning regulations. Essentially, we can think of zoning regulations as a subtle means of transferring wealth from those who own property to those who do not.
Local boards and city governments become captured by landowners/homeowners who have every incentive to design the rules to inflate the value of their properties. This is not optimal for a number of reasons, it exacerbates the cost of housing, widens wealth inequality, and weakens our ability to take advantage of the scaling benefits that cities provide: https://www.lianeon.org/p/let-a-thousand-skyscrapers-bloom
Keep giving us examples, I am sure they are endless.
Great piece Ryan. This is just another reminder of the negative effects of overzealous zoning regulations. Essentially, we can think of zoning regulations as a subtle means of transferring wealth from those who own property to those who do not.
Local boards and city governments become captured by landowners/homeowners who have every incentive to design the rules to inflate the value of their properties. This is not optimal for a number of reasons, it exacerbates the cost of housing, widens wealth inequality, and weakens our ability to take advantage of the scaling benefits that cities provide: https://www.lianeon.org/p/let-a-thousand-skyscrapers-bloom
Keep giving us examples, I am sure they are endless.
Thank you! The well is deep on this topic, unfortunately. The good news is that we are showing it is possible to break free of capture.
You missed the obvious, and epic, pun: "Baby Got Back(Yard)"
Haha! I'll save it for a follow-up piece.
Interesting - keep them coming!
Thanks for highlighting the various ways in which planning and zoning regs shape or distort how our cities develop