More Evidence of How Housing Regulation Is Bad for Housing

More Evidence of How Housing Regulation Is Bad for Housing

The American Dream’s geographic escape hatch is slamming shut. New research reveals that once-affordable sunbelt cities like Phoenix, Dallas, and Miami now mirror the restrictive housing markets of San Francisco and New York. The implications for economic dynamism are profound and worrisome. For decades, America’s housing market operated on a simple safety valve principle: When coastal cities became unaffordable, ambitious workers could migrate …