Where You Have the Best Shot at Buying New Construction
It's no secret that zoning restrictions often curtail new construction. In fact, that's the reason for many of the restrictions in the first place.
Take San Francisco, for example, a city with tough zoning resgtrictions. The city's first-ever zoning law in the 1870s, known informally as the cubic air ordinance , required a minimum amount of space per tenant. The goal was to prevent unsafe crowding, but the result was exclusionary zoning.
This San Francisco law was one factor that led to the city's housing crisis of little supply and astronomical costs. And it didn't end there. There are building-height limits, building-shape limits, and limits on the number of units that can exist on one property. All this makes it difficult for builders, many of whom subsequently started looking for greener pastures, and those pastures are largely in the South.
Source Fool.com
