Boundary Discontinuity Price Regression, High-Fire-Hazard Severity Zones
| Log(Price) | Boundary Distance | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10 km | 8 km | 4 km | 2 km | 1 km | 0.75 km | 0.5 km | 0.4 km | 0.3 km | 0.2 km | |
| Regulated | −0.0253* | −0.0267* | −0.0248 | −0.0343* | −0.0402* | −0.402** | −0.0417** | −0.0455** | −0.0426** | −0.0511** |
| (0.0121) | (0.0121) | (0.131) | (0.0151) | (0.0154) | (0.0153) | (0.0144) | (0.0160) | (0.0170) | (0.0187) | |
| Observations | 139,195 | 138,052 | 125,789 | 98,035 | 72,967 | 64,165 | 54,033 | 49,269 | 43,483 | 35,039 |
| R-squared | 0.799 | 0.800 | 0.807 | 0.815 | 0.821 | 0.821 | 0.822 | 0.823 | 0.825 | 0.827 |
Note: The table presents a regression of the log of housing price on an indicator for location in a regulated area. All specifications include house and neighborhood controls (see Table 3 note), county-by-year fixed effects, month of sale fixed effects, and grid fixed effects. We narrow the bandwidth around the wildfire regulatory boundary from 10 km on either side of the boundary to 200 m. Standard errors are two-way clustered at the county and year level and are in parentheses.