000			01463nam a2200157 4500
999			_c509690 _d509690
008			190520b ||||| |||| 00| 0 eng d
100			_aMohamed, Rayman _95816
245			_aWhy might developers be reluctant to build conservation subdivisions? insights from spatial regression analysis
260			_c2018
300			_ap.1170-1190.
520			_aDespite evidence that households pay more for lots or houses in conservation subdivisions, developers are sometimes reluctant to build them. I use a spatial autoregressive model to shed light on this contradiction. The presence of nearby conservation lots reduces the value of a given conservation lot. I present two possible explanations for this result: (1) Lots located close to each other are indicative of higher density, which is frowned upon by Americans, and (2) conservation lots compete for views and rural aesthetics, and the construction of one lot decreases their availability to other lots. Results for other independent variables corroborate these explanations. Developers’ reluctance to embrace conservation subdivisions in some locations might be a result of regulations that discourage their development. More research is needed on how regulations for conservation subdivisions vary across the United States and how these affect developers’ decisions. - Reproduced.
650			_aSpacial econometric model _95988
773			_aUrban Affairs Review
906			_aHousing
942			_2ddc _cAR