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RENT HIGH?
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  2. More development rights led to more multifamily permit filings.
?WHY IS
RENT HIGH?
Development rights → permits

More development rights led to more multifamily permit filings.

The regression-discontinuity estimates rise in the years following São Paulo's zoning reform.

REDRAWN FROM STUDY DATAFigure 4 · Dynamic RD coefficients for multifamily permit filings
Figure 4 · Dynamic RD coefficients for multifamily permit filingsThe regression-discontinuity estimates rise in the years following São Paulo's zoning reform. Values digitized from Figure 4 in the archived publication; minor reading error is possible.-0.1000.200.40Multifamily permit filingsYears relative to reformDynamic RD estimateREFORM−4−20+2+4+6+8
Figure 4 · Dynamic RD coefficients for multifamily permit filings. Values digitized from Figure 4 in the archived publication; minor reading error is possible.
Years relative to reformDynamic RD estimate
−40.01
−3-0.02
−20.02
−10
00.05
+10.08
+20.13
+30.18
+40.22
+50.28
+60.34
+70.4
+80.45

Source: Anagol, Ferreira & Rexer (2026) · Figure 4; PDF p. 44

Data: Values digitized from Figure 4 in the archived publication; minor reading error is possible.

Keep in mind: The outcome is permit filings near a zoning boundary, not completed homes or directly observed citywide prices.

Share the evidence

More development rights led to more multifamily permit filings.

The regression-discontinuity estimates rise in the years following São Paulo's zoning reform.

Source
Anagol, Ferreira & Rexer (2026)
Figure
Figure 4 · Dynamic RD coefficients for multifamily permit filings · Figure 4; PDF p. 44
Redraw data
Values digitized from Figure 4 in the archived publication; minor reading error is possible.
Keep in mind
The outcome is permit filings near a zoning boundary, not completed homes or directly observed citywide prices.
View values used in redraw
Values used to redraw Figure 4 · Dynamic RD coefficients for multifamily permit filings
Years relative to reformDynamic RD estimate
−40.01
−3-0.02
−20.02
−10
00.05
+10.08
+20.13
+30.18
+40.22
+50.28
+60.34
+70.4
+80.45
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?WHY IS
RENT HIGH?

Too many people are chasing too few homes. See why—and what communities can do about it.

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