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why home prices won't rise, but see manhattan

Started by Riversider
almost 16 years ago
Posts: 13572
Member since: Apr 2009
Discussion about
http://economix.blogs.nytimes.com/2010/04/06/why-your-houses-value-probably-wont-rise/ Manhattan genuinely has little land. Albert Saiz has presented convincing evidence that the hilly topography and water in the San Francisco Bay region makes building difficult. Limits on construction, like huge minimum lot sizes and vast preservation districts, have played an even more important role. But the long-run price growth in these areas is more anomaly than norm.
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