trying to single handedly
"figure out"
the dynamics of The house market
With its supporting devil market for house lots
Only reinforces the hubris of artisan observers
like p krugman
Trying to model as hedid last year
the crude oil markets
Which are
An even more devilish affair then house lots...maybe

Real commodity and asset markets
in their many assorted flavors
require manhattan like projects to simulate
and i mean one market one manhattan project

This is a synthetic process
Not analytic
Even if the utilized analytics need to be sound

Real product markets are all open form processes

even Ten thousand artisan economist wizards
are useless for this task

just like ten thousand black smiths
each in her shop
Can't produce
a 727

market modeling is a like product to a 727
and that's what's up here
unless some large and powerfully funded
over arching organtization
Plans monitors assigns tasks co ordinates the flow of assembly parts etc etc etc the result will be thumb to the wind forecasting

One man wizard outfits
are of no practical value

In their splendidly ignorant impotent isolation