Tuesday, February 19, 2008

Zoning and the Subprime Crisis

Over at the VC, Ilya Somin has a post on possible links between restrictive zoning and the subprime market.  I have to say that I'm a bit skeptical.  I can see how zoning increases housing prices, but I can't see too much of a link between zoning and people getting mortgages on houses that they couldn't afford.

Ben Barros

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