Any analysis that forgets housing is a store of value is worse than useless.

Progressive state representative Enrique Sanchez is entirely wrong, here:

EnriqueForRI: When we’re dead last in the country in producing housing, it means we exhaust all available funding in surplus dollars. $90 million is simply not enough.

Housing is a store of value.  People will put up their own money for their own homes and for investment properties.  If they’re not doing so — especially as the demonstrable value climbs and climbs — then government is doing something wrong to prevent it.  This is absolutely clear and rudimentary analysis.

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