Great paper. Tl;dr: local upzonings increase supply and don’t generate local increases in price (amenity effects). No local decrease either, relative to non-upzoned neighborhoods, b/c effect of the new supply on prices is the same citywide.
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Elena Lutz
@EleLutz
Our paper studying the effects of upzoning on housing supply and rents is now published in the Journal of Urban Economics #economics #urban #housing
You can access it here: sciencedirect.com/science/articl
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