> Housing supply is inelastic, in part because of zoning (but it’s not the only reason). Know what doesn’t change very quickly? Policy and law at the municipal

> Housing supply is inelastic, in part because of zoning (but it’s not the only reason). Know what doesn’t change very quickly? Policy and law at the municipal level. Assuming policy and law at higher levels are more responsive, if there is a broader problem due to common and inflexible municipal policy, this can be resolved by changing the policy at the higher level to change the scope of municipal options and/or the applicable process so as to either steer it in the desired direction or make it more responsive.