"I never questioned the idea that governments shouldn't be able to regulate...just that regulating growth on the prediction of a bust following a current boom i

"I never questioned the idea that governments shouldn't be able to regulate...just that regulating growth on the prediction of a bust following a current boom is not only short sighted, but that the housing stock growth presents few burdens even in the presence of a bust." I think part of my original comment was confusing: the restrictions on building in San Francisco aren't new. I'm saying that it's probably not a great idea to lift those restrictions based on short-term trends. If the city were being reactionary and lowering the number of permits in response to this boom, I think that would be pretty stupid.