Not in my hometown

Yahoo: The US housing market is supply constrained, sending home prices in major US metros back to levels last seen in the winter of 2007.
Research out of JP Morgan published Thursday indicates that this situation appears unlikely to resolve itself anytime soon.
“Nationwide house price indexes have been pushing steadily higher—real house prices are now 25% above their 2012 trough and at the highest levels on record outside the pre-crisis boom years,” JP Morgan’s Jesse Edgerton writes.
“One might wonder if these high prices reflect growing demand that could soon elicit a wave of construction that would prove our forecasts wrong. We find, however, that high prices are concentrated in markets where supply is constrained by geography or regulation, suggesting there may be little room for additional construction.” (Emphasis added.)

My town, Fresno CA, has the micro house in the backyard ordinance, I can comfortably house someone with 8 grand and a couple of weeks hammer, nail and saw.   We have a smart mayor, and I been impressed lately, We got our pensions fully funded! cash strapped for sure, but we done it. And now our pals ain't gonna be homeless, not when a little sweat makes them comfortable, and swamp coolered.

I should invite the world's mathematicians to come live here and make banker bot. Wouldn't have to pay them, they make their own  money.