Researchers found in their analysis of 300 California municipalities that the cities that had slow growth or anti-growth policies were less impacted by the housing crisis, writes Mark Bergen for Forbes.
The authors say that their findings do not endorse strict growth policies, but that "Their data indicate that local maneuvers didn't affect the amount of development, but its allocation. A 'spillover effect' emerged, where restrictive land use in one region pushed new housing development into neighboring, more lax cities."
"'A lot of previous studies have assumed that cities are unable to resist larger macroeconomic forces,' Garrett Glasgow, one of the study's authors, wrote to me in an email. 'But at least in this case, we see evidence that city policies helped to mitigate the effects of a national foreclosure crisis."
Read the full story: Slow Growth In Cities May Have Minimized Foreclosures
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
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Mamdani’s pied-à-terre tax survives legal challenge
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Seattle passes record-breaking transit services expansion
Proposition 1 will double the city’s transit tax to add 95,000 more bus trips and preserve 180,000 bus trips annually.
FREE Course: Walkable City 1: Why Walkability?
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One Hundred Miles
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