Oregon's Land Use Laws Haven't Depressed Land Prices

<p>Research by economists at Oregon State University shows that the state's land prices have not been impacted by its strong planning system and land-use regulations.</p>
June 8, 2007, 9am PDT | Christian Madera | @cpmadera
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" A study of land values in Oregon by Oregon State University economists finds no evidence that the state's land-use regulations have caused a generalized reduction in property values.

The study, published this week by economists William Jaeger and Andrew Plantinga, examines the ways in which land-use regulations and Oregon's land-use planning system may affect property values.

Jaeger and Plantinga examined the levels and trends of land values in parts of Oregon over the past 40 years, beginning before Oregon's land-use planning system was in place. They compared land value patterns for restricted and developable lands, and compared patterns in Oregon with patterns for similar areas in Washington state, where land-use planning has only recently been enforced."

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Published on Wednesday, June 6, 2007 in Portland Business Journal


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