Why do rental yields signal housing exuberance?

Mike Bird, having unwittingly written a book about one of Jonah Goldberg’s greatest intellectual interests, finds himself on The Remnant fielding questions about communism, single taxes, leaseholding, and—most importantly—Henry George.
Shownotes:
—The Land Trap: A New History of the World's Oldest Asset
—Financial Times review of Mike’s Book
—Rousseau quote on land
—Adam Smith quote on land
—Edward Bellamy: Looking Backward
—The Myth of Left and Right: How the Political Spectrum Misleads and Harms America

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