Growth Management and Housing Prices : the Case of Portland , Oregon

  title={Growth Management and Housing Prices : the Case of Portland , Oregon},
  author={Justin Phillips and Eban S Goodstein},
Portland, Oregon, is well known for its relatively unique urban growth boundary (UGB), a very tight form of zoning designed to control sprawl. The UGB has recently been criticized for raising housing prices. From a theoretical perspective, the UGB will put upward pressure on land and thus housing prices, but the magnitude of this effect is uncertain. Increasing density should substitute for higher land prices, partially offsetting any reduction in the supply of housing. In addition, at any… CONTINUE READING

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