Have you ever talked with a stranger about relationships? Sometimes a normal conversation turns into a diatribe about the stranger’s recent divorce and how all relationships are a sham. As you awkwardly pull away, they grab your elbow and plead, spittle landing on your arm, “Promise me you’ll never marry! PROMISE!!”
That’s what it felt like to read this book.
I wanted to learn more about the housing boom and bust of the 2000s, as part of a larger attempt to understand what it means to own real estate, hoping for a short (if simple) summary of what happened. I previously read the Economist every week during the crisis, and know a little bit about implicit government guarantees, market distortions, and sub-prime mortgages. Judging by my angry dismissals of Jon Stewart diatribes, I probably even have a bit of free market leaning when it comes to macroeconomic issues.
...