Of course, everyone knows that property has different value in different markets. And everyone knows that the cost of labor is different in different markets, so the cost of building houses can vary. But it turns out that, far more important than the cost of labor, local zoning can have a huge impact on housing prices. This article on Vox approaches the issue from a national level, but zoning is very, very local. What are your thoughts? Are you happy with the zoning decisions where you live?
Theresa Springer’s Blog
The Hidden Factor in Home Prices: Zoning
November 23, 2015