In THE UP SIDE OF DOWN. blogger Megan McArdle argues why it’s perfectly OK—and downright American—to fail. In fact, it’s necessary for success.

Last spring, we noted that Atlantic business editor Megan McArdlejust could not find a tolerable home in the District on which to spend her federally-subsidized home buyer tax credit! McCardle received a fair amount of criticism from various sources for saying things like there are no Metro stops in Anacostia. (But there is a Ray’s the Steaks nearby!)

Photo by Mr. T in DC Atlantic business editor Megan McArdle is one of many buyers frustrated with the current D.C. housing market. In a recent blog post, she wrote that it seemed to her that well-priced homes in the city are being snapped up in as little as seven days, while “problem” properties are either overpriced or have other issues, such as an uncooperative tenant. In reality, these issues are not unique to…