US housing, especially in its most fungible form, the single-family house, is probably the most favored asset class in the history of human civilization. Act ac

US housing, especially in its most fungible form, the single-family house, is probably the most favored asset class in the history of human civilization. Act accordingly, and expect others to act accordingly. Expect others to act accordingly when you try to break that. Unfortunately, housing the investment business only looks like , and often moonlights as, housing-housing.