Wednesday, March 12, 2008

Antiplanner: Land-use regulation makes housing expensive

Land-use regulation adds $200,000 to the median price of Seattle homes, according to a piece by Randal O'Toole in the Antiplanner blog.

O'Toole cites a study by Theo Eicher, an economist at the University of Washington, that compared the land-use regulations of 250 cities with housing prices from 2006 census data, finding a correlation between the two.

According to Eicher's study, median home prices are higher than they should be in every city he examined.

Sightline Daily isn't buying it, and they offer a three-part rebuttal.