3 Comments

Are those Dementors supposed to be the idiot senators in your state who didn't vote for SB 1117? I don't even live in Arizona and I'm grumpy about that. However, I feel like the next few decades will result in real progress in the battle against local zoning. The fact that housing reform is even being discussed at the state level is an amazing thing. We have to drag the monsters of zoning into the daylight so we can kill them. I know I'm biased because I follow you and M. Nolan Gray and Emily Hamilton, but the small victories in Minnesota, Maine, and California are significant. We also need people at the Fed who can appreciate the policy errors of 2006 and recognize that we actually need to average 1.5 million housing starts a year.

Expand full comment

How is the cumulative divergence calculated?

Expand full comment

Just the percentage difference from a 2% trend.

Expand full comment