Why have housing prices gone up?:
"Since 1950, housing prices have risen regularly by almost two percent per year. Between 1950 and 1970, this increase reflects rising housing quality and construction costs. Since 1970, this increase reflects the increasing difficulty of obtaining regulatory approval for building new homes. In...
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11129 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "Since 1950, housing prices have risen regularly by almost two percent per year. Between 1950 and 1970, this increase reflects rising housing quality and construction costs. Since 1970, this increase reflects the increasing difficulty of obtaining regulatory approval for building new homes. In this paper, we present a simple model of regulatory approval that suggests a number of explanations for this change including changing judicial tastes, decreasing ability to bribe regulators, rising incomes and greater tastes for amenities, and improvements in the ability of homeowners to organize and influence local decisions. Our preliminary evidence suggests that there was a significant increase in the ability of local residents to block new projects and a change of cities from urban growth machines to homeowners' cooperatives"--National Bureau of Economic Research web site. |
| Physical Description: | 35 S. graph. Darst. |
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11129 | |
| 520 | 3 | |a "Since 1950, housing prices have risen regularly by almost two percent per year. Between 1950 and 1970, this increase reflects rising housing quality and construction costs. Since 1970, this increase reflects the increasing difficulty of obtaining regulatory approval for building new homes. In this paper, we present a simple model of regulatory approval that suggests a number of explanations for this change including changing judicial tastes, decreasing ability to bribe regulators, rising incomes and greater tastes for amenities, and improvements in the ability of homeowners to organize and influence local decisions. Our preliminary evidence suggests that there was a significant increase in the ability of local residents to block new projects and a change of cities from urban growth machines to homeowners' cooperatives"--National Bureau of Economic Research web site. | |
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| indexdate | 2024-07-20T03:20:53Z |
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| language | English |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Glaeser, Edward L. 1967- Verfasser (DE-588)124526373 aut Why have housing prices gone up? Edward L. Glaeser ; Joseph Gyourko ; Raven E. Saks Cambridge, Mass. National Bureau of Economic Research 2005 35 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11129 "Since 1950, housing prices have risen regularly by almost two percent per year. Between 1950 and 1970, this increase reflects rising housing quality and construction costs. Since 1970, this increase reflects the increasing difficulty of obtaining regulatory approval for building new homes. In this paper, we present a simple model of regulatory approval that suggests a number of explanations for this change including changing judicial tastes, decreasing ability to bribe regulators, rising incomes and greater tastes for amenities, and improvements in the ability of homeowners to organize and influence local decisions. Our preliminary evidence suggests that there was a significant increase in the ability of local residents to block new projects and a change of cities from urban growth machines to homeowners' cooperatives"--National Bureau of Economic Research web site. Ökonometrisches Modell Building laws Economic aspects United States Housing Prices United States Econometric models USA Gyourko, Joseph E. 1956- Verfasser (DE-588)128974338 aut Saks, Raven E. Verfasser (DE-588)128974354 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11129 (DE-604)BV002801238 11129 http://papers.nber.org/papers/w11129.pdf kostenfrei Volltext |
| spellingShingle | Glaeser, Edward L. 1967- Gyourko, Joseph E. 1956- Saks, Raven E. Why have housing prices gone up? National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Building laws Economic aspects United States Housing Prices United States Econometric models |
| title | Why have housing prices gone up? |
| title_auth | Why have housing prices gone up? |
| title_exact_search | Why have housing prices gone up? |
| title_full | Why have housing prices gone up? Edward L. Glaeser ; Joseph Gyourko ; Raven E. Saks |
| title_fullStr | Why have housing prices gone up? Edward L. Glaeser ; Joseph Gyourko ; Raven E. Saks |
| title_full_unstemmed | Why have housing prices gone up? Edward L. Glaeser ; Joseph Gyourko ; Raven E. Saks |
| title_short | Why have housing prices gone up? |
| title_sort | why have housing prices gone up |
| topic | Ökonometrisches Modell Building laws Economic aspects United States Housing Prices United States Econometric models |
| topic_facet | Ökonometrisches Modell Building laws Economic aspects United States Housing Prices United States Econometric models USA |
| url | http://papers.nber.org/papers/w11129.pdf |
| volume_link | (DE-604)BV002801238 |
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