patrick.net

http://davidstockmanscontracorner.com/it-didnt-snow-in-san-jose-the-q1-housing-and-gdp-rollover-is-not-due-to-weather/

Needless to say, falling rents are not a sign of scarcity—even in the toniest sanctuaries of one of the planet’s hottest urban centers. Nor are they an endorsement for the real estate brokers’ pitch that central London is different—an irreplaceable treasure of civilization that is immune to the normal laws of economics…..

#housing