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【Bloomberg】Quicktake - Affordable Housing

【Bloomberg】Quicktake - Affordable Housing

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Cities around the globe are facing a stark reality: There are not enough affordable places for people to live. Housing in most big urban areas is now considered out of reach for the average worker, fueling a growing sense that a decent home has become a privilege traded among the “haves,” impoverishing the “have-nots.” Thorny questions abound: Should new luxury apartments in London — many owned by foreigners — be allowed to lie empty, while thousands of people sit on waiting lists for affordable homes? If migrants streaming into Beijing for a better life turn to dangerous, illegal dwellings, where will they go when those places are demolished? The worst may be yet to come. The share of the world’s population living in cities is projected to reach 68% by 2050, up from 55% today.

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