Homes and housing

The New York Times Magazine this week has a number of articles on the topic of homes and housing.

Best of the lot:

How an accidental tax deduction came to be thought of as the foundation of homeownership in the United States.

And a lengthy article about economist Edward Glaeser's research on the connection between housing prices and land use regulations.

Homeowners, he points out, have a strong incentive to stop new development, both because it can be an inconvenience and also because, like any monopolist, stopping supply drives up the price of their own homes. "Lack of affordable housing isn't a problem to homeowners," Glaeser says; that's exactly what they want. "The thing you want most is to make sure that your home is not affordable if you own it. And for that reason, there's absolutely no reason to think that little suburban communities with no businesses that are run essentially by their homeowners will make the right decisions for the state as a whole, for the business in the area, for the country as a whole."

Posted by Chip on March 05, 2006 at 09:52 AM
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