“…It is similar, as discussed earlier, to areas with lower tax rates, which tend to witness higher land and housing prices. However, Landis (1986) Knaap {1981, 1982Knaap {1981, , and 1985, andNelson (1984 and Knaap tried to give two explanations for these results, the first being that the UGB may have been imposed well beyond the reaches of viable urban developr1tent at the time, especially since the UGB encompassed 25 percent more land than necessary to achieve 100 percent buildout by the year 2000, based on urban growth projections (Knaap 1982;Knaap and Nelson 1992). The second explanation was that the UGB did not have enough time to show an effect because the Beaton et al (1977) study was conducted immediately one year after the UGB was officially recognized.…”