Housing Affordability – Are We Serious About a Solution?

Kwame Addae-Dapaah

ERES from European Real Estate Society (ERES)

Abstract: The world’s housing affordability “epidemic” has vindicated Charles Abrams that as far as housing is concerned, “the whole world is underdeveloped”. Notwithstanding all the advances in knowledge and technology, a solution has thus far proved elusive. The paper takes a holistic view to discuss the multifaceted nature of the housing affordability problem to conclude that the insuperability of the problem is buttressed by the vested interests of the advantaged power brokers. The root-cause of the problem is poverty. The problem can be solved if we have the will to make economics serve mankind (humanomics) instead of mankind serving economics.

Keywords: Housing Affordability; Market economy; Political will; Vested interest (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2021-01-01
New Economics Papers: this item is included in nep-isf, nep-pke and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2021_208

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