Global crisis of affordable urban housing

Just as the World has become used to the wide-reaching and painful implications of the Global Financial Crisis (GFC), we are witnessing the rise of another global crisis: the Global Urban Housing Affordability Crisis (Perry, 2015; Wetzstein, 2017). This term refers to the accelerating trend of housing-related household expenses rising faster than salary and wage increases in many urban centers around the world (Pittini, 2014). While a considerable number of homeowners, investors and speculators are materially benefiting from these conditions, rising numbers of people and households in both developed and developing countries are facing rather bleak options.

Read the article by Dr Steffen Wetzstein