by Leslee Kulba
Wild West blogger
I’m reading Zoning Rules! by William A. Fischel. He’s rather clever. One point he makes is that in the old days wealthy homeowners could easily relocate to avoid a property tax increase. With zoning, they will likely have to sell at a loss to compensate for higher property taxes. That is, if they can find another rich person who wants to buy their home in a high-tax district. In the old days, they could sell it to poor folks who would split it up and share it.