As developed economies become less reliant on agriculture and manufacturing, and more reliant on creative industries that thrive on close collaboration for a generation of valuable ideas, land is becoming once again very important.
...
In other words, perhaps what we think is a bubble is really just the real estate market telling us that policy makers need to do more to allow more housing supply to be built where economies are most dynamic.
http://fortune.com/2014/06/20/where-will-the-next-real-estate-bubble-burst/
As developed economies become less reliant on agriculture and manufacturing, and more reliant on creative industries that thrive on close collaboration for a generation of valuable ideas, land is becoming once again very important.
...
In other words, perhaps what we think is a bubble is really just the real estate market telling us that policy makers need to do more to allow more housing supply to be built where economies are most dynamic.
#housing