Unethical? No. Laughably stupid? Yes. It is maddening, knowing that valuation is totally detached from reality - and still having no alternative but to join th

Unethical? No. Laughably stupid? Yes. It is maddening, knowing that valuation is totally detached from reality - and still having no alternative but to join the game of musical chairs. I genuinely don't understand how anyone can think "Unlike every other thing since forever, my continued use of this property for 20 years actually makes it more valuable... better jack up the price to twice what I paid for it!" In addition to the insult to your intelligence, you've got the government doing its very best to help investment banks outbid you. Injecting capital into the economy by providing interest free loans and bailouts to the very top of the power structure... what could possibly go wrong?