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February 14, 2007

New report from the Sightline Institute on how Measure 37 has made life difficult for Oregon property owners. Thanks to Eric Bruun for passing it along.

I guess the main point here is that the main purpose of thoughtful land use regulation is to increase land values or land rents.  In the absence of such regulation, individuals may be able to claim windfalls, but it will be at the expense of their fellow owners.

Of course thoughtless land use regulation may have a different result.

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