Why Have Housing Prices Gone Up?
Why Have Housing Prices Gone Up?
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DOI：
10.2139/ssrn.658324
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发表时间：
2005-02
期刊：
影响因子：
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通讯作者：
E. Glaeser;Joseph Gyourko;Raven E. Saks
中科院分区：
文献类型：
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作者：
E. Glaeser;Joseph Gyourko;Raven E. Saks
自1950年以来，房价每年以近2%的速度上涨。在1950年至1970年期间，这一增长反映了住房质量和建筑成本的上升。自1970年以来，这一增长反映了获得建造新房的监管批准越来越困难。在本文中，我们提出了一个简单的监管批准模型，提出了一些解释这种变化，包括不断变化的司法口味，贿赂监管机构的能力下降，收入增加和更大的品味的设施，并提高业主的能力，组织和影响当地的决策。我们的初步证据表明，当地居民阻止新项目的能力显著增强，城市从城市增长机器转变为房主合作社。
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.