Attached please find my short monthly article for August. This article explains in an easy and intuitive way why regulation aimed at home builders increases house prices, reduces housing affordability and promotes sprawl. Moreover, it also explains how it is that legislation and regulation often have very negative and unintended consequences. I very much hope you like this article and look forward to hearing from you with comments about it.
Happy reading and as usual please contact me with questions.
All the best and thank you very much for your support!
Elliot F. Eisenberg, Ph.D.