Reprehensible Froth

You know it's time for a correction when this is the behavior encouraged by the housing bubble. I can hear some murmuring in the background that it is rent regulation, not the free market driven housing price explosion that leads to such behavior. Or maybe landlords are just plain more susceptible to being blinded by greed.

It's probably all three. I wonder what the Freakenomics guys would say.

I love New York.