In episode 73, Alex Proimos speaks with Hans Nordby, head of research and analytics at Lionstone Investments. In this episode, we discuss the big picture of how US real estate in the 2020s will differ from the last 10 years. We cover a number of key trends such as the accelerated migration, the change in housing patterns not only where people choose to live in cities but also the format of the housing, building obsolescence versus best in class, or winner takes all real estate. We also explore the impact of taxes and regulations on migration trends and how some companies are establishing offices in gateway cities to capture the newfound population growth. Finally, we touch on the factors that drive location attractiveness, the relative importance of sustainability and what are the upside and downside risks may eventuate in consensus real estate forecasts.