Global crisis of affordable urban housing – where are the progressive responses?

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 num- ber of homeowners, investors and speculators are materially benefiting from these condi- tions, rising numbers of people and households in both developed and developing countries are facing rather bleak options. 

Read the article by Dr Steffen Wetzstein