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American Affairs Journal From Investment to Savings When Finance Feeds on Itself Evolving Financial and Ownership Models Reconfiguring Real Estate Ownership for Better Urban Governance American cities are more productive than ever. They facilitate worldchanging innovation in information technology life sciences and finance generating enormous wealth. Despite this they are plagued by serious problems. Crime low school quality poor governance and high housing costs combine to create a quality of life that is significantly lower than pretax incomes and overall economic activity would suggest.