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What Is Causing The Current Housing Crisis?

Posted by: Abhijeet Chavan
Thanks to: Perry
8 August 2003 - 8:00am

Is there really a housing crisis? If so, what can we do about it?

Harvard's Taubman Center has published its 2003 report which looks at zoning and environmental policy along with the effects that they have on local housing markets. " Is there a housing crisis in the United States? Contrary to popular impressions, in many regions the answer is no."[PDF, 678kb, 44 page.]

Full Story: The Steep Price of Zoning
Source: Harvard University, June 26, 2003
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Even if the report overestimates the costs by a factor of two and underestimates the tax-benefit by a similar amount, the conclusion would be pretty much the same: destination resorts cost local government and taxpayers money.
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