
Took a walk through my neighborhood here in Henderson, Nevada -- one of the suburbs of all-suburban Las Vegas. Every third house is either for rent or up for sale, it seems.
$145,000, $400,000, $139,000. This is what "The Market" decreed my house to have been worth within the span of 10 years. Imagine I had moved to Nevada in 2004 instead of 1998. This would have translated into a mortgage of $400,000. Pay homage to Mr. Market for the rest of my life. Clearly this entity called "The Market" should be commissioned to the loony house.
Of course, as a good capitalist I would have done enough "research" to foresee the vagaries of Mr. Market. But I have no interest in learning about this idiot. Let the university, the county, the state, or even the federal government provide my housing at reasonable cost. I will be glad to buy from them, but keep "The Market" out of it.




