Real estate is one of those issues that can quickly separate smart people from mouth-breathing idiots. Mouth-breathing idiots see expensive real estate and thi

Real estate is one of those issues that can quickly separate smart people from mouth-breathing idiots. Mouth-breathing idiots see expensive real estate and think it's a good thing. They clap their fat, ugly hands together. "People really want to live here!" Smart people realize that expensive real estate is a sign of something that's gone seriously wrong, since high prices have more to do with supply problems (inelasticity) than demand. Regulatory corruption, deficient transportation, and damaged environments are usually behind expensive real estate. It's not something to be celebrated. It's a disease.