Housing Prices and the Location Choice of Firms: Implications for Economic Growth

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" Housing Prices and the Location Choice of Firms: Implications for Economic Growth "
Kroll, Cynthia A; Landis, John D

Document Type	:	AL
Record Number	:	928599
Doc. No	:	LA2qn3s71s
Language of Document	:	English
Main Entry	:	Kroll, Cynthia A; Landis, John D
Title & Author	:	Housing Prices and the Location Choice of Firms: Implications for Economic Growth [Article]\ Kroll, Cynthia A; Landis, John D
Title of Periodical	:	Berkeley Planning Journal
Volume/ Issue Number	:	7/1
Date	:	1992
Abstract	:	Housing prices in the coastal United States have increased sharply since the mid-1970s. On the one hand, high or increasing housing prices are indicative of a strong and grow ing economy. On the other hand, housing prices that are ''too high'' (relative to prevailing wage levels and cost struc tures) make cities and region less attractive to businesses look ing to expand, and may even encourage some businesses to leave. This paper describes the resul13 of a recent survey of firms in a selected set of high-priced, moderately-priced, and low-priced metropolitan areas throughout the United States. In undertaking the survey, special attention was focused on the role of housing prices in business location and expansion