Maxwell Drever explains the meaning of the affordable housing crisis
People all across the globe are facing the problem of affordable housing. It is affecting millions of individuals who belong to the middle-income group. Now, what is a middle-income group? Those who work for around 35 to 40 hours a week but earn minimum wages fall within this category. They face difficulty in affording a typical two to the three-bedroom apartment for themselves. It is because of the low wages, increasing economic strain, and high rent of housing estates. Housing estate research reports reveal that ever since 2016, the problem has aggravated. Furthermore, the worldwide pandemic has aggravated the issue. It is here that the high-income earners are coming up with a positive approach to solving this problem. However, the challenge is not only typical for the low-income group. It is affecting every section of society differently. Governmental policies favor homeowners over the renter Affordable housing policies vary from one government to the other. Irrespective of these variations, they have one thing in common. The policies favor the homeowners and hotel owners over the renters. Since it is a tax deduction policy, Maxwell Drever asserts that the federal welfare program gets directed towards the higher strata of society. However, it is a challenging task to provide affordable housing to middle-income groups. The process of conversion of already existing structures into an affordable housing estate is… Read More »Maxwell Drever explains the meaning of the affordable housing crisis