The 50-year trends in affordable housing: Part 2, the market, financial
[Continued from yesterday's Part 1.]
Yesterday we covered four fifty-year trends:
Cities move from manufacturing to information and knowledge work.
Land use rules proliferate and development becomes more protracted.
Houses become larger, lots become smaller.
Housing costs more as a percentage of income.
These four physical-market trends stimulated responses in the capital and financial markets:
5. [...]
