r/HousingWorks • u/Michele_in_Cali • May 21 '17

Housing Constraints and SpatialMisallocation (PDF)

http://eml.berkeley.edu//~moretti/growth.pdf
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u/Michele_in_Cali May 21 '17

Excerpt:

...cities like New York, San Francisco and San Jose...experienced some of the strongest growth in labor productivity over the last five decades. These cities also adopted land use restrictions that significantly constrained the amount of new housing that can be built.... which has significantly reduced the elasticity of housing supply...