Cities around the globe are facing a stark reality: There are not enough affordable places for people to live. , fuelling a growing sense that a decent home has become a privilege traded among the “haves”, impoverishing the “have-nots”.
A typical apartment in Hong Kong now costs HK$7,169,000 , which has helped fuel political protests. Other hot spots include Berlin, where a grassroots campaign to nationalise housing led to a radical plan to freeze rents for five years. More governments have pledged to step up building: India aims to construct more than 40 million homes by 2022. Big companies have also responded. Alphabet’s Google pledged US$1 billion to help create 15,000 homes in California. Still, that’s a drop in the bucket in a state with an estimated annual shortfall of 180,000 units.In the 19th century, farmworkers who flocked to cities crowded into squalid quarters near factories.
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