And I bet those apartments and homes carry roughly the same value/sqft... The claim that housing is fungible is absolute non-sense, though. If it were, we wou

And I bet those apartments and homes carry roughly the same value/sqft... The claim that housing is fungible is absolute non-sense, though. If it were, we wouldn't see such drastic market variations, even within relatively close geographic markets (in some cases, literally blocks away) We also wouldn't see such an intense pressure on evaluating real estate before purchasing (because if it was fungible - it's all the same, right?). I basically don't know where to go in the conversation if you can't actually acknowledge the argument in front of you, and just say "No".