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Why have housing prices gone up?
Glaeser, Gyourko, and Saks cite regulatory obstacles as a primary reason why housing prices have risen so much since the 1970s. I am not convinced that this explains the possibly bubble-like run-up of the last few years, but here is the paper. Here are Glaeser's other writings on the topic. Thanks to an anonymous reader for the tip.
Posted by Tyler Cowen on April 19, 2005 at 05:16 AM in Economics | Permalink
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