Richard Florida

Yellow Light for YIMBYs: Upzoning Can Increase Housing Prices

New Research Indicates That Inclusionary Zoning Should Accompany Liberalization

Well, that’s not what YIMBYs wanted. Yonah Freemark of MIT in the Urban Affairs Review: What are the local-level impacts of zoning change? I study recent Chicago upzonings that increased allowed densities and reduced parking requirements in a manner exogenous of development plans and neighborhood characteristics. To evaluate outcomes, I use difference-in-differences tests on property …

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