Housing without Debt
It is now more or less universally accepted that there is something fundamentally wrong with our housing economy. Not just the centralised industrial production models we use to produce housing: our dependence on a few large development companies to buy the land, beat their way through local community resistance, and build rows of poor quality, unsustainable mass-housing that fewer and fewer of us can afford. The Big Short is not about those industrial housing models. It’s about the economy behind them.