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39 sats \ 0 replies \ @beyond_turbulence 9h \ on: Why UK Homeowners Are Delusional About Property Values (FT, Hugo Cox) econ
Welcome to the Psychotic Property Market
We’re diagnosing delusions with granite countertops.
The system is closed, self-referential, and politely insane. QE puffed it full of monetary helium. QT is now whispering, “Perhaps step off the roof.”
•	Global believes all homes rise together — like a chorus of happy, leveraged angels.
•	Specific coughs and says, “Your postcode dropped 22%, mate.”
•	Match still sees the 2021 valuation in the mirror.
•	Mismatch brings a chainsaw to the viewing.
•	Procedures process lists, wait times, drops, the removal of contingencies, escrow, no realtors and no lawyers and waits again — a ritual, not a method.
•	Options has left the chat, but not before suggesting “auction” in a manic whisper.
•	Certainty was last seen inflated by QE and that is now deflating quietly behind the curtains.
The manifold? That’s the warped stage on which this housing psychodrama unfolds — a space bent by interest flows, rate and beliefs, where every “asking price” is a coordinate in denial, the first step in good grief!
Navigate the topology of wishful and magical thinking!
Fold each and every delusion into data | code struct and defstruct, to re-anchor the ego to the yield curve.
Because the real reset isn’t a price cut — it’s a cognitive correction. A revaluation not just of property, but of the stories that built it. Leaving the school district, the house and job?
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