According to the chief economist of the National Association of Realtors, this shortage is a result of the homebuilding industry's inability to meed the demand for new homes.

Hello:1. http://tinyurl.com/CRE-Bubble-Burst2. http://tinyurl.com/11-Trillion-BubbleThe above mentioned two articles paints a dismal future for Commercial Real Estate (CRE).I was hoping a learned members here who are Investors/Economists connected with CRE can throw some light on What does it means to Real Estate in general and educate the fellow BP folks.The following are few questions that come to light :1.

“If we want housing to be more affordable, we need more houses,” said Sam Khater, deputy chief economist at CoreLogic, a housing data provider.

We are the 11th largest city in the nation and every economist is predicting Austin to double in size in the next 20 years. 

Economists suggest that this could have a direct effect, likely negative, on the housing market as property owners, already frustrated with having to pay high taxes lose their relief by way of their deduction.

We heard this a few years ago from Leslie Appleton-Young, the Chief Economist of the California Association of Realtors.

As far as SF, we are not near the peak yet IMO and that of many famed economists, including Shiller.

An economist at Moody's Analytics noted that in 2013, investors were worried about the state of the economy.

Lawrence Yun, NAR’s chief economist, explains that steady hiring along with low local unemployment rates are supporting increased wages and spending, which positively affects the demand for commercial property of all types nationwide.

I would love to hear from economists on this.