I’m curious what the right half plane zero in housing is. In general, we correct inflation through interest which we raise gradually waiting a month or two to observe the effects of a 0.5% raise. I think that should be sufficient to avoid the control feedback effects he talks about in this article.
The RHP0 in (Canadian) housing comes from including mortgage interest payments -- a term that increases in proportion to interest rates -- in the measurement of the CPI.
