The regulatory tax and house price appreciation in Florida

Cheung, Ron; Ihlanfeldt, Keith R.; Mayock, Thomas

doi:10.1016/j.jhe.2009.02.002

Cited by 17 publications

(11 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…One of the most influential methods for its simplicity was first demonstrated by Glaeser and Gyourko (2003), who equate the difference between sales prices and marginal costs with the level of regulation in U.S. housing markets. The approach, while critiqued for misunderstanding the nature of housing construction (O’Flaherty, 2003) has been emulated in studies of housing markets both in North America (Cheung et al., 2009; Sunding and Swoboda, 2010), and by industry economists in New Zealand (Lees, 2017) and Australia (Kendall and Tulip, 2018). The appeal in the Glaser and Gyourko approach, is that it avoids the need to understand intricacies of local regulation, while still presenting a plausible explanation for price difference.…”

Section: Understanding Relationships Between Urban Planning and The Housing Marketmentioning

confidence: 99%

The role and significance of planning in the determination of house prices in Australia: Recent policy debates

Phibbs

Gurran

2021

Environ Plan A

View full text Add to dashboard Cite

On the world stage, Australian cities have been punching above their weight in global indexes of housing prices, sparking heated debates about the causes of and remedies for, sustained house price inflation. This paper examines the evidence base underpinning such debates, and the policy claims made by key commentators and stakeholders. With reference to the wider context of Australia’s housing market over a 20 year period, as well as an in depth analysis of a research paper by Australia’s central Reserve Bank, we show how economic theories commonly position land use planning as a primary driver of new supply constraints but overlook other explanations for housing market behavior. In doing so, we offer an alternative understanding of urban housing markets and land use planning interventions as a basis for more effective policy intervention in Australian and other world cities.

show abstract

Section: Understanding Relationships Between Urban Planning and The Housing Marketmentioning

confidence: 99%

The role and significance of planning in the determination of house prices in Australia: Recent policy debates

Phibbs

Gurran

2021

Environ Plan A

View full text Add to dashboard Cite

show abstract

“…This type of cost slows competition among various housing types, particularly affordable housing (Dowall, 1984). Cheung, Ihlandfeldt, and Mayock (2009) argue that land use regulation imposes a tax on housing that is often substantial and regressive.…”

Section: Delay Cost and Land Use Policymentioning

confidence: 99%

Policy of Delay: Evidence from a Bayesian Analysis of Metropolitan Land‐Use Choices

Deslatte¹,

Tavares²,

Feiock³

2016

Policy Studies Journal

View full text Add to dashboard Cite

Do local policymakers strategically use delay in permitting development to forestall the growth machine? The mantras of smart growth and sustainable development assume local governments can balance the competing values of economic development, ecology, and equity interests in a community. We employ a political market framework to explain differences in local government land use decisions. This framework conceptualizes policy choices as resulting from the interplay between the aggregate policy demand by residents, developers, and environmental interests and the aggregate supply by government authorities. Delays can be imposed strategically through processes of development approval by city governments where industry strength and form of government vary within county‐level service‐delivery fragmentation. We utilize novel Bayesian multilevel modelling of data collected from 2007 and 2015 surveys of Florida city planners and find strong institutional effects and multilevel relationships.

show abstract

“…Second, quasi-experimental studies have been undertaken (Anthony, 2003;Bramley and Leishman, 2005;Cheung et al, 2009;Dempsey and Plantinga, 2013;Wilkins et al, 2006). Pooled cross-section and panel datasets are used to enable identification of treatment areas where a land-use regulation, such as a UGB, is present and control areas where it is absent (Anthony, 2003;Cunningham, 2007;Groves and Helland, 2002;McMillen and McDonald, 2002;Sims and Schuetz, 2009).…”

Section: Previous Research On Ugbs and Land Pricesmentioning

confidence: 99%

Urban Growth Boundaries and their Impact on Land Prices

et al. 2014

View full text Add to dashboard Cite

Undeveloped land transactions at the urban fringe of the Melbourne metropolitan area in Australia are recorded in a dataset that enables exploration of the impact of its urban growth boundary (UGB) on residential land prices. Estimation can take account of a wide range of factors, while controlling for policy anticipation effects and other potential influences on land prices. Modelling estimates indicate that land prices rose substantially inside the UGB after its enactment in 2003, but did not rise much outside of it. These results suggest that the urban growth boundary has had a significant upward effect on the trajectory of the urban region's house prices.

show abstract

The regulatory tax and house price appreciation in Florida

Cited by 17 publications

References 11 publications

The role and significance of planning in the determination of house prices in Australia: Recent policy debates

The role and significance of planning in the determination of house prices in Australia: Recent policy debates

Policy of Delay: Evidence from a Bayesian Analysis of Metropolitan Land‐Use Choices

Urban Growth Boundaries and their Impact on Land Prices

Contact Info

Product

Resources

About