Problem
High cost of housing
Other Names:
Inflated house valuesDisparity between income and cost of housing
Limited low-cost housing
Exorbitant accommodation costs
Prohibitive cost of housing for the poor
Nature:
The proportion of income which a family can pay for shelter varies according to the country and the times. The disparity between what the lower income groups can pay and the rent required to acquire a building and amortize its cost, has generally widened with the years because of technological lag, rising costs of materials, labour shortages and building laws which impose more costly standards. When wages have risen, so have shelter costs, and the gap has continued unbridged. Subsidized public housing projects intended for the poor are often out of their reach and captured by middle- or high-income households.
Broader Problems:
Excessive costsConsumer vulnerabilityProhibitive cost of livingUnethical practices of landlordsProhibitive cost of goods and services Narrower Problems:
Reduced stock of low-income housingProhibitive cost of home maintenanceDemoralizing constraints on housing rehabilitation Related Problems:
Scattered housing locationsOver-spacing of suburban housingProhibitive cost of necessities in rural communitiesConstruction of inappropriate tourist resort complexes Aggravates:
HomelessnessInadequate housingAbandoned private homesRepossession of propertyDiscrimination in housingIncrease in abandoned buildingsIllegal occupation of unoccupied property Strategies:
Developing housing policyImproving access to shelter for poorProviding adequate housingReducing cost of housingReducing disparity between income and cost of housingReducing house valuesInflating house valuesLimiting low-cost housing Subject(s):
Amenities → Housing, tenants??Commerce → Purchasing, supplying??
Social Activity → Income??
Societal Problems → Imbalances??
Society → Disadvantaged??
Related UN Sustainable Development Goals:
Problem Type:
D: Detailed problems Date of last update
18.06.2019 – 18:03 CEST