The Housing Bubble

Jeebus Forking Buddha! Who will help the widow's son rape his dead father's corpse?!? Evidently, not the real estate market - the Angry Bear sees it as too involved in running that railroad. The only sane advice is, do not pull your retirement fund out of stocks in order to dump it into property.

One subtlety of the price/rent graph: the rent on my graduate student hovel went through the roof at the exact same time that rents - averaged across the nation - were dropping in comparison to the purchase price. The chronically-depressed and counter-cyclical Utah extractive economy strikes again!

The only bright side to this is that I recently landed a job which pays about five times as much as I have ever earned before. I got mine, Jack, screw the widows and orphans.