Paul Krugman points to a revealing chart courtesy of Barry Ritholtz. Some of this is low interest rates making homeownership legitimately cheaper than the price of the house as such would indicate, but there's clearly something way out of line here.
Speaking of real estate, it's always good to see advertisers coming up with innovative new names for neighborhoods. 11th and V is apparently "Logan North" now.
Matthew Yglesias is a former writer and editor at The Atlantic.