Monday, December 7, 2009

Did environmental building regulations cause the inflation of the housing bubble?

Paving the road to Hell.

3 comments:

Evan said...

No.

This has been another edition of simple answers to simple questions.

More meaningfully, a lot of the areas that didn't expand more couldn't, it isn't that they wanted to but were prevented by regulation. There's a meaningful limit to how far out suburbs/exurbs can go. Additionally, exurbia is one of the hardest-hit areas of the housing bubble.

Lachlan said...

But it wasn't just suburban or exurban home values that plummeted. Urban home values did the same.

Lachlan said...

Still, I'm not convinced by this guy's argument either. Seems a bit simplistic. Just thought it was an interesting angle to explore.