PJ Media

Dear All–

Thanks very much for your thoughtful comments. I especially want to thank “Freedom,” immediately above, for providing a very helpful on-the-ground view of what the housing spiral looks like in practice.

Thanks, too, to “ex-fetus” for calling my analogy “bonkers.” I rank it up there with the time a commenter referred to an essay I wrote as “horse-hockey.”

I am not being ironic here: Keep me honest!

Thank you.

–Brad