QUESTION: If interest rates decline, won't that lead to improved housing affordability? ANSWER: No. Lower interest rates = lower interest payments. But if home prices 📈, those savings from lower interest rates will be offset by increasing home 🏡 prices. WHY? The vast…

@cechrist @melissasavenko @RealCheyTor Sounds more like CA and Utah. Don’t see that here too much in FL

@GeorgeWTrumpWon @cechrist @RealCheyTor It is DEFINITELY not the one and only reason we have housing affordability issues. We need more starter homes.

@cechrist @RealCheyTor It is NOT just zoning. That's one problem. But not the whole problem. And quite possibly not even the biggest problem. What about permitting? What about the cost of construction? How about land costs? I wish people would not be so singularly focused on zoning.

@cechrist @melissasavenko @RealCheyTor Well, it’s the biggest reason

@kregkendall @cechrist @RealCheyTor I would argue permitting + government requirements imposed on development are much bigger issues than zoning.

@cechrist @melissasavenko That’s one factor. NIMBYism is another player.

@RealCheyTor @melissasavenko Agreed but I would argue NIMBYism and restrictive zoning are two sides to the same coin.

@cechrist @melissasavenko @RealCheyTor This is California.

@AaronPerleberg @cechrist @RealCheyTor Test is a phenomenon that is limited to a few specific markets at scale. I've heard a lot about Phoenix, Dallas and Atlanta.