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- Info
Carl Abbot's
| Author: |
Fischel, William A. |
| Date: |
1997 |
| Periodical: |
Housing Policy Debate; Fannie Mae Foundation |
| Abstract: |
The Portland, OR, area's urban growth boundary is an idea whose benefits to the region may depend on a willingness to expand the boundary occasionally. The parable contained in this comment suggests that the declared unwillingness to expand the urban growth boundary could have contributed to Portland's recent sudden increase in housing prices. It further suggests that an inflexible attitude toward the boundary could cause long-run losses in employment in the Portland region, with few if any offsetting environmental benefits. Other regions should be aware of the potential drawbacks of installing such a boundary." |
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