Download or read book Zoning Rules written by William A. Fischel and published by . This book was released on 2015 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Zoning has for a century enabled cities to chart their own course. It is a useful and popular institution, enabling homeowners to protect their main investment and provide safe neighborhoods. As home values have soared in recent years, however, this protection has accelerated to the degree that new housing development has become unreasonably difficult and costly. The widespread Not In My Backyard (NIMBY) syndrome is driven by voters’ excessive concern about their home values and creates barriers to growth that reach beyond individual communities. The barriers contribute to suburban sprawl, entrench income and racial segregation, retard regional immigration to the most productive cities, add to national wealth inequality, and slow the growth of the American economy. Some state, federal, and judicial interventions to control local zoning have done more harm than good. More effective approaches would moderate voters’ demand for local-land use regulation—by, for example, curtailing federal tax subsidies to owner-occupied housing"--Publisher's description.

Download or read book The Homevoter Hypothesis written by William A. Fischel and published by Harvard University Press. This book was released on 2009-07-01 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner’s principal asset—his home—will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides services more efficiently than do the state or national government. Fischel has coined the portmanteau word “homevoter” to crystallize the connection between homeownership and political involvement. The link neatly explains several vexing puzzles, such as why displacement of local taxation by state funds reduces school quality and why local governments are more likely to be efficient providers of environmental amenities. The Homevoter Hypothesis thereby makes a strong case for decentralization of the fiscal and regulatory functions of government.

Download or read book Land Use Regulations and Housing Supply written by Ralph Boone IV. McLaughlin and published by . This book was released on 2009 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: When a slumping housing market pushes a national economy towards recession, policy makers, investors and homeowners tend to focus their attention on federal regulation of housing finance. However, they have all but ignored the impacts of local and state regulations on the production of housing itself. This is surprising, since recent evidence suggests local and state land use regulations may play an important role in housing market efficiency (Mayer and Soerville, 2000; Glaser, Gyourko, and Saks, 2005). Furthermore, scholars have failed to reconcile opposing theories of land use regulations and housing supply, so consistent definitions of regulation and efficiency remain elusive. This dissertation will help reconcile the opposing theories of urban economics, political economy, and regional planning with the question: How do land use regulations effect housing markets? Do their impacts vary by scale? While these theoretical models yield radically different answers, most conclude that other regulatory approaches result in housing market inefficiencies. But with several perspectives and viewpoints, what are the fundamentals of various models? How well do models and theories portray real world markets? Which models should policy makers follow? This dissertation uses a three-paper approach to address these questions. The first paper, an integrative analysis, intimately examines the idea that land use regulations may have played a role in the emergence of the 2007 recession. Results financial deregulation and decentralization of land use in the 1980s set the stage for a large housing bubble and subsequent crash. Second, an empirical analysis examines local government regulation, competition, and housing construction in Southern California. Findings indicate that as cities permit more multifamily units, their neighbors permit less, suggesting that local regulations and intercity competition may inefficiently restrict certain housing types. The third paper analyzes the impacts of state regulation on housing growth in Maryland, and finds that it may increase multifamily housing in urban areas, but decrease in suburban and exurban areas. This suggests that cities in non-urban areas might view state regulatory incentives as a source of inefficient growth or public expenditures, and that "smart growth" programs have limited effectiveness.

Download or read book Arbitrary Lines written by M. Nolan Gray and published by Island Press. This book was released on 2022-06-21 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's time for America to move beyond zoning, argues city planner M. Nolan Gray in Arbitrary Lines: How Zoning Broke the American City and How to Fix It. With lively explanations, Gray shows why zoning abolition is a necessary--if not sufficient--condition for building more affordable, vibrant, equitable, and sustainable cities. Gray lays the groundwork for this ambitious cause by clearing up common misconceptions about how American cities regulate growth and examining four contemporary critiques of zoning (its role in increasing housing costs, restricting growth in our most productive cities, institutionalizing racial and economic segregation, and mandating sprawl). He sets out some of the efforts currently underway to reform zoning and charts how land-use regulation might work in the post-zoning American city. Arbitrary Lines is an invitation to rethink the rules that will continue to shape American life--where we may live or work, who we may encounter, how we may travel. If the task seems daunting, the good news is that we have nowhere to go but up

Download or read book The Effects of Land Use Controls on Housing Prices written by Lawrence F. Katz and published by . This book was released on 1980 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The major portion of this paper examines the impacts on housing costs of the most important types of land-use, environmental, and construction regulations - zoning, subdivision controls, growth management techniques, building codes, and environmental regulations - by reviewing the literature and presenting some simple theoretical models. A final section of this paper presents some initial empirical results of the author's research on the impact of local land-use regulations on land and housing costs in California."--Page 3

Download or read book Land Use Controls written by Robert C. Ellickson and published by Aspen Publishing. This book was released on 2020-10-15 with total page 922 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land Use Controls: Cases and Materials emphasizes an interdisciplinary approach that weaves historical, social, and economic causes and effects of legal doctrine. The casebook also brings out the functional relationships between formally unrelated routes of law—statutes, ordinances, constitutional doctrines, and common law—by focusing on their practical deployment, developers, neighbors, planners, politicians, and their empirical effects on outcomes like neighborhood quality, housing supply, racial segregation, and tax burdens. A thematic framework illuminates the connections among multiple topics under land law and gives attention to the factual and political context of the cases and aftermath of decisions. Dynamic pedagogy features original introductory text, cases, notes, excerpts from law review articles, and visual aids (maps, charts, graphs) throughout. New to the Fifth Edition: A focus on affordability and the new conflicts over urban zoning A fully updated treatment of local administrative law Recent constitutional rulings, including up-to-date Supreme Court decisions on exactions and regulatory takings Thoroughly updated notes, with recent cases, law review literature, and empirical studies Professors and students will benefit from: Distinguished authorship by respected scholars and professors with a range of expertise An interdisciplinary approach combining historical, social, political, and economic perspectives and offering dynamic opportunities for analysis along with broad legal coverage Concise but comprehensive treatment of the legal issues in private and public regulation of land development, including environmental justice, building codes and subdivision regulations, and the federal role in urban development A thematic framework illuminating connections among multiple discrete topics under land law and the factual and political context of cases and aftermath of decisions Excellent coverage and dynamic pedagogy

Download or read book Hot Property written by Rob Nijskens and published by Springer. This book was released on 2019-06-14 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.

Download or read book The Economics of Zoning Laws written by William A. Fischel and published by JHU Press. This book was released on 1987-08 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land use controls can affect the quality of the environment, the provision of public services, the distribution of income and wealth, the development of natural resources, and the growth of the national economy. The Economics of Zoning Laws is the first book to apply the modern economic theory of property rights to all major aspects of zoning. Zoning laws are neither irrational constrints on otherwise efficient markets nor disinterested attempts to correct market failure. Rather, zoning must be viewed as a collective property right, vested in local governments and administered by politicians who rationally repsond to their constituents and to developers as markets for development rights arise. The Economics of Zoning Laws develops the economic theories of property rights and public choice and applies them to three zoning controversies: the siting of a large industrial plant, the exclusionary zoning of the suburbs, and the constitutional protection of propery owners from excessive regulation. Economic and legal theory, William Fischel contends, suggest that payment of damages under the taking clause of the Constitution may provide the most effective remedy for excessive zoning regulations.

Download or read book Exclusionary Zoning Land Use Regulation and Housing in the 1970s written by Richard F. Babcock and published by . This book was released on 1973 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Subdivision and Site Plan Handbook written by Robert White and published by Routledge. This book was released on 2017-09-04 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Supreme Court decision that property owners may be entitled to compensation for government regulations that deprive them of reasonable use of their property has thrown the land-use field into a state of turmoil. Will municipal land-use ordinances be found excessive? What regulations can be considered a reasonable exercise of police power for public health, safety, and welfare? Will municipalities be liable for compensation to property owners if development is restricted? How can municipalities and developers plan in the wake of this decision?Ordinance provisions cover components of subdivision regulation: general provisions, definitions, administration, procedure, design and improvements, off-tract improvements, and documents to be submitted. The Subdivision and Site Plan Handbook provides a narrative on the background, rationale, and intent of each requirement accompanying the model ordinance; gives an overview of the history of subdivision regulation in the United States; traces the evolution of land-use regulation through various stages; and presents the legal context for present-day regulation.The book has been designed for use by government administrators, developers, planners, attorneys, and others interested in land-use regulation. The model ordinance represents the most current thinking about land use and site control and responds to questions raised by the Supreme Court decision. David Listokin and Carole Walker's analyses are flexible, efficient, responsive to local conditions, and balance regulatory costs and benefits. This is a definitive and invaluable resource!

Download or read book Zoning Land Use Planning and Housing Affordability written by Vanessa Calder and published by . This book was released on 2018 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Local zoning and land-use regulations have increased substantially over the decades. These constraints on land development within cities and suburbs aim to achieve various safety, environmental, and aesthetic goals. But the regulations have also tended to reduce the supply of housing, including multifamily and low-income housing. With reduced supply, many U.S. cities suffer from housing affordability problems.This study uses regression analysis to examine the link between housing prices and zoning and land-use controls. State and local governments across the country impose substantially different amounts of regulation on land development. The study uses a data set of court decisions on land use and zoning that captures the growth in regulation over time and the large variability between the states. The statistical results show that rising land-use regulation is associated with rising real average home prices in 44 states and that rising zoning regulation is associated with rising real average home prices in 36 states. In general, the states that have increased the amount of rules and restrictions on land use the most have higher housing prices.The federal government spent almost $200 billion to subsidize renting and buying homes in 2015. These subsidies treat a symptom of the underlying problem. But the results of this study indicate that state and local governments can tackle housing affordability problems directly by overhauling their development rules. For example, housing is much more expensive in the Northeast than in the Southeast, and that difference is partly explained by more regulation in the former region. Interestingly, the data show that relatively more federal housing aid flows to states with more restrictive zoning and land-use rules, perhaps because those states have higher housing costs. Federal aid thus creates a disincentive for the states to solve their own housing affordability problems by reducing regulation.

Download or read book Land Use Regulation written by Daniel P. Selmi and published by Aspen Publishing. This book was released on 2017-03-01 with total page 1304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land Use Regulation: Cases and Materials, Fifth Edition is a dynamic, scholarly, yet practical teaching approach that focuses on the role of the lawyer in land use regulatory matters and the factors that influence land development decisions. Offering more comprehensive changes than in any edition since the book was first published, the Fifth Edition offers a new chapter addressing emerging issues in the field, including regulation of medical marijuana and fracking, responses to problems posed by vulnerable populations such as the homeless, continuing developments in “smart growth,” and changes in redevelopment law. It also features a thorough reorganization of takings materials, combining all of them in one chapter and addressing emerging issues.

Download or read book Essays on housing supply land use regulation and regional labourmarkets written by Wouter Vermeulen and published by Rozenberg Publishers. This book was released on 2003 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Neighborhood Defenders written by Katherine Levine Einstein and published by Cambridge University Press. This book was released on 2019-12-05 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public participation in the housing permitting process empowers unrepresentative and privileged groups who participate in local politics to restrict the supply of housing.

Download or read book Effects of Environmental Regulations on Housing Costs written by David E. Dowall and published by . This book was released on 1979 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Job Creation and Housing Construction written by Raven E. Saks and published by . This book was released on 2004 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effect of Land Use Regulations on Housing Markets written by Pamela Lynea Dowd and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: ABSTRACT: Over the past decade, there has been significant volatility in the housing market. During the first half of the decade, housing prices increased at an unprecedented rate and homeownership rates reached an all time high. With an unrelenting demand for housing, many multifamily rental units were converted to condominiums and the overall stock of rental units decreased substantially. With the price of rental housing increasing and incomes remaining stagnant, many low- and moderate-income households found themselves struggling to maintain an adequate standard of living. This was magnified during the second half of the decade when the housing and financial credit markets crashed, leading to a parade of foreclosures and ultimately forcing millions of households into the rental housing market. During this same time period, government land-use regulations have increasingly become more restrictive. In theory, government-imposed land use regulations place constraints on how land can be utilized, which limits supply and increases costs. As a result, the cost of housing will increase, placing unnecessary burdens on low- and moderate-income households. Composed of three essays, this dissertation addresses various aspects of how increased regulation affects housing markets. In the first essay, I review the historical evolution of land use regulations with an emphasis on the regulatory environment in the state of Florida. An exhaustive review of the empirical literature describing the effects of land-use regulations on the housing market and the rental housing market is provided. While variations in magnitude exist, the majority of empirical studies find that increased land use regulations increase housing prices. The second essay of this dissertation focuses on the determinants of the rental housing market, attempting to examine how the percentage of income a household allocates to rent changes as a result of increased land use regulations. A description of the data used to access the regulatory environment is presented. The regulatory data is then quantified, using four unique econometric methods, and is used to estimate the relationship between the percentage of income that a household spends on rental housing and land use regulations. Results from the empirical models indicate that, consistent with theory, the rent-to-income ratio for renter households increases with more stringent land use regulations. The third essay investigates the relationship between land use regulations and high-risk loan originations. In order to motivate the empirical analysis, a review of the descriptive and empirical literature surrounding the determinants of subprime lending, the relationship between subprime loans and mortgage default, and housing supply elasticities is presented. After reviewing aggregate trends in income, home prices, loan installments, and foreclosure rates, I lay out the empirical model. The model is then estimated using regulatory and loan data from Jurisdictions in the state of Florida. The empirical model finds that increased regulations may lead to a higher percentage of high risk loan originations. The final chapter of this dissertation concludes and offers suggestions for future research.