"Why wouldn't you pick Alabama to win the SEC?"
"The Republican Industrial Complex Has Turned Missteps Into Millions"

"We've been blaming America's 'new housing crisis' on the wrong thing all along"

What's the "right" thing? Take a guess. Go ahead, guess.

The unresponsiveness of housing supply to demand and price changes is blamed in part on restrictive zoning laws.

Economists measure this responsiveness as elasticity; in markets with higher elasticity, homebuilding responds to higher demand and prices at a relatively faster pace compared with places that are more inelastic.

A Trulia study published on Tuesday found that while zoning laws are a real burden for homebuilders, the bigger culprit is local government bureaucracy, measured by building-approval delays.

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