Also, there has been interest in converting some of the older office buildings in central business districts into residential use, which may ease the shortage of land in highly sought after areas. However, our contacts also report that more could be done to increase the responsiveness of housing supply to demand.
A number of observers have argued that the technological frontier is no longer expanding at the previous speed, that the “low-hanging fruits” have already been picked and that the wider consequences of the computer/internet revolution are more modest than those of the introduction of equivalent general purpose technologies like the steam engine or electricity.