Sunday, June 25, 2017

SO...HOW'S THAT GREENBELT WORKING OUT FOR YA?

Our 13 years of monitoring house price to income ratios in the Demographia International Housing Affordability Survey in now 90 major metropolitan areas in 9 nations leads to the conclusion that urban growth boundaries (and similar land restrictions) are housing affordability’s “killer app.” Wherever there is severely unaffordable housing, urban growth boundaries, greenbelts or similar land rationing policies will be found.

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