The old saying “you can’t make an omelette without breaking eggs” pretty much sums up the affordable housing debate. There is no ‘nice’ way to make housing affordable again.
Higher density housing is a red herring. Anyone thinking of going down that path should have to spend a month on some of the English high rise housing estates or the high rise ‘affordable’ housing on the outskirts of most major cities of the world. High rise is best left to the wealthy who want to live in the inner city to make the most of the vibrant nightlife, cafés and restaurants, and harbour views. They can afford safe, well-built, well-maintained apartments.
House prices are high. Wages are low. It just doesn’t work, no matter how you spin it. To get affordable housing, the prices of houses will have to drop, and drop by a lot. Continue reading