Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Look at the top graph. Back in early 2012 rates were 4% and activity was index 800. Now, with rates again at 4% the activity is index 400. Stop worrying about the absolute rate. It doesn't matter.
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