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There are many many many flaws with the correlative analysis of this paper, and the flaw you have identified is an absolutely key flaw. Here's a great Odd Lots

There are many many many flaws with the correlative analysis of this paper, and the flaw you have identified is an absolutely key flaw. Here's a great Odd Lots podcast on that specific issue: https://www.bloomberg.com/news/audio/2025-03-13/odd-lots-is-there-a-simple-fix-to-affordable-housing-podcast?srnd=phx-oddlots https://www.bloomberg.com/news/audio/2025-03-13/odd-lots-is-... It's also interesting to note that the guest identifies lack of supply as the other key thing to fix, but finds that the idea that YIMBY policies could actually be put in place too politically infeasible to consider.

yonran 2y ago
Yes, Kevin Erdmann’s writings were what I was thinking of when I said that lending has been restricted since the Great Recession. He does identify “Closed Access” supply restrictions as the original sin that the Fed misinterpreted as a speculative bubble. I highly recommend his blog and books.