While I agree with the second point, I’m having a hard time understanding how zoning can affect pricing. Isn’t it just “you can’t build industry next to residential”?
While I agree with the second point, I’m having a hard time understanding how zoning can affect pricing. Isn’t it just “you can’t build industry next to residential”?
For example, in Berkeley California, which was one of the first cities to implement "exclusionary zoning" has roughly the following zoning restrictions:
* R-1: One home per lot or estate, only. Bans apartments in 49% of the city.
* R-1A: One home per lot or estate, unless the parcel exceeds 2,400 SF which allows for an additional home.
* R-2: Two homes on one parcel, only.
* R-2A: One home per every 1,650 square feet on a parcel. A typical residential parcel in Berkeley is about 5,300 square ft thus commonly three homes maximum.
[source](https://darrellowens.substack.com/p/berkeleys-upzoning-would...)
The major developers are able to figure out how to rezone and build houses on less than a quarter acre, but if you wanted to do it on a small scale (i.e. buy an old house on 4 acres, tear it down, and build a small subdivision instead) it's just not practical.
In more urban areas, it can be similar. But rather than requiring 1 acre per house, the restriction is that you can't build multi-family, etc.
America really needs to deal with the mid-1900s mafia family like mentality still running US politics; electoral turnover flushes rent seeker politicians and their financier’s political support: https://www.nber.org/papers/w29766
The US was trending progressive before it opened it arms to post World War racists and migrants fleeing Europe. Oh what an ironic narrative their progeny babble today
And on. And on. And on. Zoning and building restrictions are an absolute gauntlet in many places. For an extreme example, check this out: https://reason.com/video/2018/12/27/san-francisco-mission-ho... (He did eventually succeed, but the cost and effort was tremendous.)