If housing is the business cycle as some allege, then perhaps development restrictions are our biggest macro problem http://online.wsj.com/news/articles/SB10001424052702304255604579407641409159478?tesla=y …
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@ModeledBehavior I agree with you about differences in regulatory regime, but article used satellite data of hills and streams etc
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@M_C_Klein ok, this is the map you want then http://www.federalreserve.gov/pubs/feds/2012/201201/img121.gif …
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