Maxwell Drever Shows the Effects, Causes, and Solutions to the Affordable Housing Crisis
Housing shortage comes as a pressing problem in modern cities. All across the globe, you have multiple examples of the workforce population struggling for shelter says Maxwell Drever. Most individuals in the average income category cannot afford to rent or buy a house. They are looking for cheap options, and therefore an affordable housing unit is a viable solution. Population growth Population growth is a significant factor contributing to the issue. Scientists estimate that the world population will exceed 10 billion shortly. Hence, it is logical to increase the number of housing for the increasing population. The limited supply of housing space, stagnant wages, and rising prices of commodities have exacerbated the crisis. The increasing cost of land If you look at the past, you will see that land prices were low compared to the current scenario. However, things changed rapidly, and the land cost has skyrocketed in big cities. The increasing cost of land directly affects the price of the housing sector. Only the wealthy population can afford a luxurious apartment, but that is not the case with the workforce. The way forward Now that you know about the causes of the housing crisis, it’s time to look into the solution. The housing shortage is a local problem. However, it has global repercussions. The housing shortage is not only a dilemma in cities but… Read More »Maxwell Drever Shows the Effects, Causes, and Solutions to the Affordable Housing Crisis