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Affordable Housing and Poverty

In: Food Security, Affordable Housing, and Poverty

Author

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  • Ahmet Suayb Gundogdu

    (Istanbul Sabahattin Zaim University)

Abstract

Housing is related to population trends, which supposedly occur independently of government. On the other hand, housing stock is assumed to be a controllable commodity. Nevertheless, it cannot be concluded that housing stock can be manipulated for the population while the population cannot be adjusted to the housing stock. The reason is that the lack of affordable housing can impact the population trend. For instance, the less affordable housing is, the more likely people will avoid prominent families, noting that marriages and divorces are the main drivers of the demographic determinant of housing. Even a lucrative real estate business falls if the population trend were to move toward irreversible decline. This chapter elaborates on the root causes of the world’s unaffordable housing and the role of Zakat and Waqf. It emphasizes that land prices should not increase by channeling funds to the housing sector for hoarders. Instead, the solution is to make affordable shelter available to encourage families to have more children, ensuring society’s continued survival. Also, housing should be provided with essential social infrastructure with community Waqf to guarantee sustainable cities.

Suggested Citation

  • Ahmet Suayb Gundogdu, 2023. "Affordable Housing and Poverty," Palgrave Studies in Islamic Banking, Finance and Economics, in: Food Security, Affordable Housing, and Poverty, chapter 0, pages 1-26, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-3-031-27689-7_1
    DOI: 10.1007/978-3-031-27689-7_1
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