Co-authored by Jens von Bergmann and cross-posted at MountainMath.
What if zoning was responsive to underlying demand to live in an area? That is, rather than reserving parts of the landscape for the exclusive use of those who can afford an entire underlying lot, what if we instead allow people to build enough residential floor space on the lot to share? This exercise sets up a kind of counterfactual, enabling us to get a look at both: a) what underlying demand for floor space on a lot actually looks like, and b) how our current zoning regime sets itself up to protect the most privileged from having to fully compete with this demand.