More People Want to Live in Cities

A Housing Developer, about the crash:

"Prudence tells you rather than force things onto the market, understand you've got to sit on things longer," he said. "Like the wave crashing over me, I'm not going to fight it, I'm going to relax and let the wave wash over me."

This Zen-like attitude is fostered by one fact that he strives to remind himself of: There aren't enough homes to meet the projected needs of a growing population. Equally important from the perspective of Wilson Meany is that demographic trends, environmental concerns and shifting tastes mean more and more of these people want to live in cities.