Housing, Like Oil, Is Not As Simple As Pundits Want It To Be

“Please God, give me one more oil boom. This time I promise not to piss it away.” It was a popular bumper sticker in Texas in the 1980s. 

It's worth remembering as experts who’ve never built houses, and who’ve surely never borrowed the money necessary to build houses, tell us the solution to the alleged “housing crisis” is simple. Just build more houses. But for one problem, the pundits tell us: governmental barriers to building.

 

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