In this Article, we argue that non-cumulative zoning is an idea whose time has passed, if there ever was a convincing case for it at all. The two major justifications [...]
The study of the relationship between local government law and economics has long had one central text: Charles Tiebout's famous 1956 article, A Pure Theory of Local Expendatures. Tiebout developed [...]
This study shows that the homeownership rate for millennials was 37 percent in 2015, or about eight percentage points lower than that of the two previous generations (Gen X and [...]
Regulatory constraints on housing production have shut millions of Americans out of the country’s most productive labor markets. Historically, Americans have moved to the parts of the country that offered [...]
Whether Bay Area residents like it or not, city leaders across the country are watching how this high-tech region grapples with the consequences of dizzying economic growth — expensive housing, [...]
In today’s economically vibrant and high-cost cities like New York, San Fran- cisco, and Washington, D.C., housing growth and housing affordability are a function of two variables: zoning and politics. [...]
This paper focuses on the benefits businesses and residents get from being able to locate in specific places inside a given city. First, it argues that agglomeration economics — the [...]
A recent decline in fertility was sharpest in counties where home values rose the most, and the change was smaller—and sometimes even up —where home value growth was weaker. An [...]
The condominium structure, which facilitates ownership of units in multi-family buildings, was only introduced to the US during the 1960s. We ask whether the subsequent development of condominiums encouraged high-income [...]
A quick overview: Part I of this Essay will discuss the special fiscal and economic conditions that New Columbia would face. On one hand, statehood would better allow D.C. to [...]