Charles Hugh Smith: Unaffordable Housing and Homeless Encampments: How Did It Get This Bad?

Charles is one of the few (maybe a few dozen?) in the country who actually understand how housing prices currently work in the United States. Basically no one in the press does. None of the real estate “analysts” except maybe one or two do. Zero real estate agents do, of course, because they know nearly nothing.

It’s insane that something so important and that is the repository of vast wealth is so poorly understood by so many. I think that is deliberate, though — if people actually comprehended how it works and why it works that way, far more of them would rebel against it and demand change.

Hence, all the propaganda is designed to lead one down the wrong epistemic path.