While home builders, real estate professionals and public policy experts all wrestle with issues of housing shortage, high cost of entry and skyrocketing rent burdens (when people are spending, 40 percent, even 50 percent of their entire incomes on shelter alone) - there are other seismic changes. But most economists and expert researchers agree that material costs are high, labor pools are thin and land-use policy has made it increasingly difficult and expensive to bring housing to market. It impacts everyone from the millennials finally ready to settle down, start a family and invest their savings - to working poor and impoverished people unable to afford rent for even the most modest of housing units in dozens of major cities.Įxperts also say there’s a shortage of rental housing - which serves a strong purpose of giving people a detached unit, backyard, work-from-home space and flexibility in a 21st century workforce that is more transient for job opportunities.
Courtesy of Alliance for Housing Solutions
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