Randal O’Toole has prepared a policy analysis that should help anybody who likes housing bubbles to create another one. O’Toole observed that places with lots of Smart Growth policies saw housing prices rise ten times faster than places with more lenient local ordinances. Maybe you would like to meet with the director of your local planning department and ask him to explain either (1) why he likes housing bubbles or (2) why he thinks each of O’Toole’s claims is wrong.