New study by Fed economists directly contradicts Yimby narrative on housing prices

New study by Fed economists directly contradicts Yimby narrative on housing prices

Constraints on development, including zoning and environmental rules, have little or no impact on housing prices in the United States, a new study from economists at the Federal Reserve Bank of San Francisco shows. The study, also connected to the National Bureau of Economic Research, directly contradicts the fundamental economic thesis that has driven housing policy in the state for years: That development constraints have created high housing …