Thursday April 24, 2014

Rising home prices are contributing less to GDP growth

We think it is officially time to stop cheering for higher house prices. They aren't having much of an impact on the economy anyway, and the resulting higher rents are hurting many.

Wednesday April 16, 2014

Housing Costs in San Francisco (and elsewhere)

Zoning restrictions are a tool of the oligarchy, effectively. I'm only one-fourth kidding. But they are; they are a means by which owners of capital extract an outsized share of the surplus generated by job creation.