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A good response to that S.F. Fed letter

Halina Bennet's avatar
Halina Bennet
Feb 12, 2026
∙ Paid

In my post yesterday, I wrote about a new letter from the San Francisco Fed that is being circulated and cited as evidence that a lack of housing supply is not the culprit behind the housing crisis.

This morning I read Kevin Erdmann’s piece responding to the bank and thought it was interesting. I didn’t add much editorializing or explanation to my own m…

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