What a Housing Bubble Looks Like

Here’s what a housing bubble looks like. Housing prices. Red is Arizona, green is Nevada, blue is us here in New Mexico. The three states track together since the 1970s (off to the left of what’s displayed in this graph). Prices in Arizona and Nevada shoot up beginning around 2004, then collapse pretty dramatically. Click …

Continue reading ‘What a Housing Bubble Looks Like’ »

Stuff I Wrote Elsewhere, Rio Grande Shortfall Edition

So remember all that stuff about the Colorado River not having enough water to meet needs? Turns out the Rio Grande is in a similar heap of hurt (ad walled): There are a lot of ways to slice and dice water data. But the message on Gretel Follingstad’s PowerPoint slide was simple. On the right …

Continue reading ‘Stuff I Wrote Elsewhere, Rio Grande Shortfall Edition’ »

Getting Buy-in

From today’s newspaper, a look at Jeff Bingaman’s approach to climate legislation: [A]s we sat down for lunch last week to talk climate and energy policy, the first thing out of Bingaman’s mouth was an explanation of “the Byrd rule.” The topic helps illustrate the delicate way Bingaman prefers to play the legislative game. The …

Continue reading ‘Getting Buy-in’ »