Zoning and Rent Control Raise Housing Prices

Zoning and Rent Control Raise Housing Prices

The high cost of housing has emerged as one of the hottest political/economic issues. Why are costs so stubbornly high? This chart from the folks at the Rational Optimist provides some instructive insights.  It’s self-evident that cities with rising inflows of people have higher price increases. There’s no housing affordability issue in Peoria. Meanwhile, Phoenix and Tampa have seen a 65% rise in rents over the past decade. What we found intere…