Housing affordability is one of the problems that a lot of people have. People weren’t able to live where they want, they were only able to live where they accept vouchers. In the article, “How to Make City Housing More Affordable” by Mark Peters, he wrote, “Vouchers, rent control and requirements for builders to supply affordable units are all tools that continue to be used.” What he is saying is true and because of these, they are very limited to the people. Mark Peters wrote how adding housing units in cities s very crucial to rising the costs for housing. Also, Edward Glaeser, a Harvard professor of economics said, “The thing that is going to promote affordability is a lot of building” targeted for a mass market. Buildings like townhouses, duplexes, and courtyard apartments which can provide a more affordable options for the low and middle classes and they would be able to avoid the buildings with a higher cost (which would look like the picture below). I believe more buildings would help housing affordability because the more houses, the more chance the home owners wouldn’t raise the rent. The home owners would want the people to live in their buildings, so they are able to make profit but if there are more buildings, people are willing to live in a home with a lower rent cost especially for the low and middle classes. Just like what Alan Mallach, a senior fellow at the Center for Community Progress said, “The number of affordable units they produce “is incredibly sensitive to how strong the market is.”” Another one for housing affordability is when there are more demands for housing units in more urban and where people are able to walk around neighborhoods that are closest to their jobs and for their daily needs. In a way it is good for the people because they don’t need to use money for transportation to go to work and they could just walk there. It shows how the location and the condition of the neighborhood on where people live. I believe a lot more people would be able to find housing and that is more affordable for them. Another strategy that could help the housing affordability is to improve the schools and the technologies. The improvement of schools would have the quality of the individual schools becomes more equal, there won’t be a raise in the price for the housing since the schools would be equal to each other wherever they live. Also for the technologies, Ms. Galante said how new technologies that are “tied” in construction could drive down the cost of building. I thought she was talking about how using new technologies in the buildings can reduce the cost especially they won’t need a lot of people to work in the buildings for manufacturing since the technologies would do that. I believe these strategies would work, but the home owners would be really angry for these strategies because they won’t be able to make profit especially when they need to pay their mortgages for their buildings or houses.
Peters, Mark. “How to Make City Housing More Affordable.” Wall Street Journal, 24 Apr. 2016. Web. 4 Nov. 2016.