patrick.net

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.

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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