Colorado takes a new – and likely more effective – approach to the housing crisis
- Written by Brian J. Connolly, Assistant Professor of Business Law, Ross School of Business, University of Michigan
In recent years, Colorado has been a poster child for the U.S. housing crisis. Previously a relatively affordable state, it has seen home prices increase nearly sixfold over the past three decades, outstripping even Florida and California.
Once a problem confined to coastal cities, unaffordable housing has increasingly become an issue in the...