Housing shortage


Generally speaking, a housing crisis may occur anywhere affordable housing becomes extremely scarce. Sometimes the term "housing crisis" refers to the opposite problem of a housing bubble, wherein house prices fall drastically and demand is low.

Housing crisis may more specifically refer to:

United StatesHousing insecurity in the United States Homelessness in the United States Homelessness in California Homelessness in the San Francisco Bay Area Homelessness in Colorado Homelessness in Florida California housing shortage San Francisco housing shortage Affordable housing in Silicon Valley New York City housing shortageOther countriesAffordability of housing in the United Kingdom Welsh housing crisis, see Housing and construction in Wales Housing crisis in Brazil, see Social issues in Brazil#Housing Amsterdam coronation riots, height of the 1980s Dutch housing crisis 1990s Albanian housing crisis, see also Bunkers in Albania 2010s Pakistani housing shortage, see Housing in Pakistan#Housing shortage and deficit

Source: Wikipedia

In 1990, the housing shortage in western Germany was estimated at around 1 million homes. There have been unexpected shifts in the population and its social habits, including the arrival of 750,000 German speaking immigrants in 1989 alone, a divorce rate of 130,000 a year, young single people entering the market, and an unexpected demand for bigger homes from smaller households. In the current decade alone, the number of over-60's in Germany will rise by three million to 15 million. In the first half of the 1980's the official estimate was for a 500,000 growth in the number of private households by the end of the decade, whereas the actual rise was 1.7 million -- almost all single people -- bringing the total to 27.4 million. By comparison the number of housing completions had fallen to their lowest levels for years: 177,000 in 1988 compared with 714,000 in 1973. Additional reasons for the housing shortfall are land shortages, prolonged planning procedures, green issues, and putting a priority on leisure space, and high interest rates which reduce the ability of new homeowners to take on a mortgage and make short-term money deposits a more attractive investment than property.
(D) Detailed problems