I feel like another Correcting Economic Understanding is warranted. The FT published an article talking about upzoning in Auckland. The “analysis” they conducted, to put mildly, is lacking. It violates many important economic and statistical assumptions. This type of analysis gives Economics a bad name.

The question of how much housing we can get from upzoning is an important one given the political costs it has.

We have written on the latest and greatest economic research on this topic here - nominalnews.com/p/housi… , where researchers were able to do a true, controlled comparison of the impacts of upzoning - for a 36% increase in upzoning, prices fell by 0.5%.