It’s strange is that there are maybe only a few hundred people in the entire country who understand how the housing market actually works and what drives prices. Tanta (Doris Dungey) was one of them before she died. I’m one. There were/are a few others, like Karl Case and Robert Shiller but the list is very fucking short for something so important.

Though one of the reasons the list is short is that the market is of supreme importance — thus, the better you can conceal what is occurring the more money you and your thievin’ friends and associates can make.

The societal-level misunderstanding is also because the housing market does not work like other, more-liquid markets where mobility is a given. People analogize selling a fuckin’ bagel or a TV to peddling a house when those things are as different as a jellyfish and a neutron star.

In another life, I’d write a book about how the housing market actually works, but ain’t nobody got time for that. I’ve got interesting people to hang out with and a trillion more books to read. Y’all do y’all’s own stupid without me.