GUEST POST: The Mysteries of New York Real Estate

This, our first ever guest post, comes to us from A M Rosenthal, loyal commenter and #1 hater of the Real Estate section.  Th post was sent three months ago, became lost in the clogged tubes of the internet, and after a series of bizarre adventures finally found its way to me.  A M Rosenthal is not THE A M Rosenthal, and has never worked for the Times.
The New York Times does so many things so well. Just yesterday, while waiting for the clock to strike noon so I could dig into that yummy pitcher of mimosas taunting me from the fridge, I learned tons about radiation!
The odd thing is, the Times does a terrible job at explaining New York to itself. Egregious examples abound, some of them chronicled with great wit on this blog. To my mind, the worst offenders are the merry crew over at the Real Estate section. I would wager that every New Yorker who reads the New York Times has some interest in local real estate, and that it is a topic that would seem to be an inexhaustible source of stories about development and the economics of land use and population patterns and income distribution and disparities and… why hello there Renee Zellweger!
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