> They do but the cardinal directionality has been down and to the right.
You expected that to last forever?
> driven by supply and demand of housing, not supply of money.
Yes, it's driven by supply and demand, but easy money means more demand than there would be with higher interest rates and tighter monetary policy.
> We should federalize zoning rules yesterday. The federal government has the right to do this, for instance Chicago residents ability to install satellite dishes
I suspect this Chicago instance has more to do with FCC than anything else. Federalizing zoning would likely be an uphill battle that would go to the SCOTUS and I'm going to guess with the current composition they won't look favorably on that.
Ok but more demand for housing plus more supply means an amazing economic growth opportunity right? Nerfing supply means keeping ourselves from it. This is why low interest rates are good - the stimulate development!
And yes I see little appetite for federalizing zoning however itβs both an option with precedent and would actually help unlikely raising interest rates :)
You expected that to last forever?
> driven by supply and demand of housing, not supply of money.
Yes, it's driven by supply and demand, but easy money means more demand than there would be with higher interest rates and tighter monetary policy.
> We should federalize zoning rules yesterday. The federal government has the right to do this, for instance Chicago residents ability to install satellite dishes
I suspect this Chicago instance has more to do with FCC than anything else. Federalizing zoning would likely be an uphill battle that would go to the SCOTUS and I'm going to guess with the current composition they won't look favorably on that.