Blame Geography for High Housing Prices?
In The News
Richard Florida writer for the Atlantic Citylab quoted MIT Center for Real Estate Director Albert Saiz from his 2010 study while looking into what is causing housing prices to be so high,“geography is a key factor in the contemporaneous urban development of the United States, and help[s] us understand why robust national demographic growth and increased urbanization has translated mostly into higher housing prices in San Diego, New York, Boston, and Los Angeles, but into rapidly growing populations in Atlanta, Phoenix, Houston, and Charlotte.”said Saiz.
