Economists call a bridge a "lumpy good"--without the whole thing, one has nothing of value. Housing is a similarly lumpy commodity: a half-built house is not half as valuable as a complete dwelling. Law makes housing lumpy when it mandates minimum quality or sizes. Housing might be lumpy in larger senses too: its value might grow or shrink in dramatic ways depending on what other land uses are clustered with or near it or how long a household occupies a dwelling. Law professor Lee Fennell will explore the ways in which housing is lumpy and consider the implications for law and policy.

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