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  1. “Intersubjective utility comparisons.”

    Say what?

    Wait a sec, having just seen “An Inconvenient Truth,” maybe I do get it. I think iceberg’s position can be summed up as, “Mmmmm…. gold bars…. yum.”

  2. Iceberg,

    No matter how many times I repeat after you, I, and perhaps others, have gleaned “an” impression from the data, not the “wrong” impression from the data. I would argue that price movements are not the only indication of a world being “richer or poorer” and that, rather, having an historically appropriate neighborhood also makes the world a richer place irrespective of what your econ textbook tells you.

  3. I don’t see ‘wealth destruction’. I see house purchased in 1980 for a few hundred thousand worth many millions – and all that creation of wealth is the catalyst for messy bitter divorce.
    And article speculated prop was worth about same with or without house and part of that reason is that interior of house was nothing great.