U.S. home prices look a little bit overvalued, but nothing like they did in 2005-06 http://on.wsj.com/1LPupcC pic.twitter.com/VamlAbkwjD
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@NickTimiraos w/ millennials coming into the market, just seems crazy compared to what our parents were paying.
@kimmaicutler that's true. prices were much, much lower for our parents, but interest rates were also at 16%.
@NickTimiraos I just finished this book http://www.amazon.com/Zoning-Rules-Economics-Land-Regulation/dp/155844288X … It argues that the 1970s were a major period for land-use regs in response to
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