Sentences with phrase «shortage of affordable apartments»
In many cities across the globe, the shortage of affordable apartments has led to more and more people living in micro, or shoe - box apartments.
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The luxury apartment market has been overbuilt, while a shortage of affordable rental housing is worsening, economists warn.
«There is an acute shortage of housing for rent [at an affordable price] and the expensive apartments are empty, so maybe it will not be necessary to build a lot of new housing for high - salaried Amazon employees.»
One way to help reduce the shortage of designated affordable housing is to include a certain amount of income - restricted units in otherwise market - rate apartment developments.
«Austin Neudecker, Rev - NO: Saturation of the luxury apartment market matters little because there is a shortage of housing in general (I acknowledge that the problem is primarily affordable housing) and prices can easily be reduced.