We were talking about zoning laws in the context of commercial real estate last week. They also play an important role in residential real estate. It's the flip side of how they keep commercial real estate artificially depressed. Since there's relatively stronger demand for residential real estate, zoning laws keep housing artificially expensive.
Zoning Laws: Wolves in Sheep's Clothing
By Taiwo Agbeluyi
"While zoning laws do not explain all homelessness in this country, they help make housing less affordable, putting more people on the streets who no longer can pay for a place to live."