How has Oregon's land use planning system affected property values?

Jaeger, William K.; Plantinga, Andrew J.; Grout, Cyrus

doi:10.1016/j.landusepol.2011.05.005

Cited by 33 publications

(23 citation statements)

References 19 publications

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“…In recent years, empirical tests of the relationship between land-use regulation and housing markets have not rejected the hypothesis that cities with strict regulations on land-use and development have lower supply elasticities and higher prices (Saiz, 2010;Glaeser and Ward, 2009;Kok et al, 2010;Hilber and Vermeulen, 2010;Jaeger et al, 2012). However, due to data requirements, these econometric tests have been carried out only in the United States and the United Kingdom, where enforcement of land use regulations can be reasonably assumed to be consistent.…”

Section: Literature On Urban Land-use Regulation and Housing Marketsmentioning

confidence: 99%

Urban land-use regulations and housing markets in developing countries: Evidence from Indonesia on the importance of enforcement

Monkkonen¹

2013

Land Use Policy

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a b s t r a c tStandard urban economic theory suggests that stringent urban land-use regulation leads to higher housing prices due to both direct impacts on costs and a reduction in the price elasticity of supply. Indonesia has one of the most restrictive land registration and construction permitting systems in Asia, yet housing is affordable, rates of household formation are high, and housing supply is relatively elastic. This paper explores the relationship between land use regulations and housing markets in Indonesia through various analyses; an overview of 90 cities, a direct assessment of the relationship in 15 cities, and detailed case studies of two medium-sized cities. Regulations do impact the production of housing in Indonesia, but they do not affect housing markets in the predicted way because of their flexible enforcement and a widespread and dynamic informal housing-production system. The main impact of the strict landuse regulations in Indonesia is thus argued to be under investment in physical infrastructure related to housing; a substantial detriment to urban development and economic growth. The case of Indonesia demonstrates the importance of regulatory enforcement and local context in the analysis of land use regulations.

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Section: Literature On Urban Land-use Regulation and Housing Marketsmentioning

confidence: 99%

Urban land-use regulations and housing markets in developing countries: Evidence from Indonesia on the importance of enforcement

Monkkonen¹

2013

Land Use Policy

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“…In general, amenities and services essential for urban development are supplied within the UGB, whereas service extensions beyond the UGB are limited (Cho, Chen, and Yen 2008). Lower-valued land is typically more abundant outside than inside UGBs (e.g., Cox 2010;Grout, Jaeger, and Plantinga 2011;Jaeger, Plantinga, and Grout 2012). On the one hand, we expect the higher-valued land inside the UGB to be more likely developed during the boom period than during the recession period.…”

Section: Introductionmentioning

confidence: 95%

“…On the other hand, we expect lower-valued land to be more likely developed during recessionary market conditions because people tend to save more and incomes stagnate, further slowing spending. Lower-valued land is typically more abundant outside than inside UGBs (e.g., Cox 2010;Grout, Jaeger, and Plantinga 2011;Jaeger, Plantinga, and Grout 2012). Hence, we hypothesize the land outside the UGB will be more likely developed during the recession period than during the boom period.…”

Section: Introductionmentioning

confidence: 96%

Effects of Land‐Related Policies on Land Development during a Real Estate Boom and a Recession

Cho¹,

Kim²,

Roberts³

et al. 2014

Growth and Change

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Our research evaluates and compares the effects of three land‐related policies on land development in a sprawling metropolitan area during a real estate boom and a recession. Our findings suggest that during a real estate boom 1) the urban growth boundary (UGB) serves its purpose of attracting urban development inside the given boundary during a boom while its effectiveness diminishes with increased development pressure from lower‐valued land outside of the UGB during a recession period, 2) the agricultural zone works well for restraining new development during a boom period while agriculture zoned parcels are more likely developed during a recession period, and 3) an increase in the land‐value tax bill increases the incentive for development during a recession period while higher tax bills do not affect development during a boom period. In anticipation of a re‐emergence of urban sprawl with the recovery of the real estate market, our findings imply that land planners and others concerned with sprawling development should pay more attention to development in sprawl‐prone areas during recession periods.

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“…Focusing on Portland's UGB, Grout et al (2011) find that it has a significant effect in some areas, but not across the designated area. Overall, authors show that the effects of such policies are highly variable (Netusil, 2005;Sims and Schuetz, 2009;Jaeger et al, 2012). Shilling et al (1991) and Netusil (2005) emphasise that the demand effect is ambiguous, because environmental regulations may also lower the development opportunities of existing plots and increase user costs (e.g.…”

Section: Introductionmentioning

confidence: 99%