Rules add 200K to Seattle home prices

[david_mcmanus]

http://seattletimes.nwsource.com/html/b ... her14.html

Talk amongst yourselves.

[Alan]

Straight from the horse's mouth:

This discusses some of the references and rationale behind the paper: http://depts.washington.edu/teclass/landuse/

and

This is summary of the data with respect to the Seattle area: http://depts.washington.edu/teclass/landuse/Seattle.pdf

The full paper examining 250 major cities is here: http://depts.washington.edu/teclass/lan ... 020408.pdf

[jjl]

Whew, have we been vindicated now as not to be the greedy commission hungry realtors that all the boards accuse us of being.

[deejayoh]

this goes back to the "cost drives prices" argument. Rules may have added $200k to the price of building. Not to the price of the home. Market sets prices.

Oh, and FWIW, townhomes cost less than $200k per door to build.

[Alan]

[The Tim]

I read a fair amount of Mr. Eicher's study, and it's quite exhaustive. I wouldn't even begin to compare my back-of-the-napkin style calculations with his in-depth analysis. I do have some questions about the study though, which I address in .

[aldreth]

"driven up $200,000 by good intentions."

---Lost me right there... What a dumb and baseless article.