They increase property values for existing property owners in high-demand areas by preventing innovative mixed-use implementations. Forcing supply of office space or residential area down, while demand stays high, causes prices to increase.
I guess people might think that while making such policies but I would say it isn't for certain that prices increase. They may actually decrease the value of properties since they cannot be used for more productive purposes. It also increases cost since more transportation (cars) are required, which means more parking, which means less available land for useful things.
Comments
They increase property values for existing property owners in high-demand areas by preventing innovative mixed-use implementations. Forcing supply of office space or residential area down, while demand stays high, causes prices to increase.
I guess people might think that while making such policies but I would say it isn't for certain that prices increase. They may actually decrease the value of properties since they cannot be used for more productive purposes. It also increases cost since more transportation (cars) are required, which means more parking, which means less available land for useful things.