High Cost of Smart Growth

Peter Coy

Are restrictive zoning laws making housing unaffordable? There's a strong argument that the high cost of housing in markets like New York, Boston, and San Francisco is at least partly the result of tight restrictions on new construction. One person sounding the warning is Randal O'Toole, a research fellow with the libertarian-leaning Independent Institute, an Oakland-based think tank, and director of the American Dream Coalition. Here's an excerpt from a piece he wrote last week for the San Francisco Chronicle:

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