WHO’DA THUNK IT? Regulation drives up home prices: “Between 1989 and 2006, the median inflation-adjusted price of a Seattle house rose from $221,000 to $447,800. Fully $200,000 of that increase was the result of land-use regulations, says Theo Eicher — twice the financial impact that regulation has had on other major U.S. cities.” Maybe it’s not a housing bubble at all, but a regulation bubble?
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