i read this before the article and thought “alright it can’t be that bad”… honestly, you are letting them off easy. it’s like pedantry, but the dunning-kreuger kind.

tbh it read mostly like gibberish to me, but seemed possible there might be some poorly-articulated but otherwise coherent point about the difference between the technical difference of a supply or demand curve "shifting" vs the turbulence of a market finding equilibrium when the curves are steady.

Either way it doesn't matter bc housing isn't a commodity, and what Noah Smith said wasn't incorrect.