The Real Signal #100 - Blue States Are A Housing Disaster

Plus articles on Fed Balance Sheet Stops Falling And M2 Rising, More Employment Data Craziness

Blue States Are A Housing Disaster

There is no arguing with the statistics, Blue states are badly underperforming on a per capita basis for housing production. Looking at the states on that list, Oregon, California, New York, and Massachusetts are all known for the highest complexity regulatory environments.

I always say “complexity is the enemy of profi…