I am a Realtor within the Florida Keys and have been here for 20 years. That was the conclusion of a latest paper by the economists Ed Glaeser of Harvard and Joe Gyourko on the Wharton College of the College of Pennsylvania. The paper uses development business data to find out how a lot a home should price to build if land-use regulation have been drastically cut back. Since the cost of erecting a home varies little from state to state — land is the primary variable in housing costs — their measure is the closest factor we now have to a national dwelling price.
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