A friend of mine who is a real estate lawyer recently told me of a seminar he attended where the speaker was an economist talking about the prospects for the Washington, D.C./Baltimore area economy in the next year or two. He told the attendees exactly what I’ve been telling my lawyer friend all along: The federal government added 80,000 new jobs last year, and there are no signs of slowing down. In addition, state and local governments in the area are making it harder and more expensive to build new homes because of environmental regulation run amok. Explosive housing demand … Continue reading War + Environmentalism = Housing Inflation