Economics Assignment

 300 words; any 3 key concepts used from that chapter in bold

Chapter 16 - 
a) What changes have you seen in YOUR neighborhood due to the subprime mortgage crisis in the U.S. housing market and bubble? 
b) What do you think will occur in the next 5 years given the demand FOR land, and supply OF land as well as the policies adopted [if any] by the Congress in response to the housing crisis? 
Explain.