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Housing Affordability – Are We Serious About a Solution?

Author

Listed:
  • Kwame Addae-Dapaah

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.

Suggested Citation

  • Kwame Addae-Dapaah, 2021. "Housing Affordability – Are We Serious About a Solution?," ERES eres2021_208, European Real Estate Society (ERES).
  • Handle: RePEc:arz:wpaper:eres2021_208
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2021-208
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    More about this item

    Keywords

    Housing Affordability; Market economy; Political will; Vested interest;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    NEP fields

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