DC Housing prices skyrocket. “The house was sold for $760,951—which is $360,951 over the asking price, and $260,951 higher than similar homes have been going for in the area.” Wots up? As P.J. O’Rourke famously observed: “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” At least, until the money runs out. More here.