[mactrey]

Did rents in Palms go up because they built housing or because it's a great location in a city with increasing rent almost everywhere?

Or in other words, is there any econometric evidence that building housing increased rents in Palms, or could we be confusing correlation with causation?

[kristopolous]

Exactly. You can't just look at two data points in a system with hundreds of confounding variables, many of them unquantifiable and say "aha! This simple linear equation of supply and demand, that they teach in middle school, is correct!"

That's not science, it's dogmatism