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Affordable housing has become nothing but a distant memory for thousands of people nationwide. With rising rents, high-demand, and low-supply, states are employing their own tactics to boost the availability of affordable housing.
With the scarcity of affordable housing in metropolitan areas, are micro-apartments the future of housing? The tiny home movement and creation of micro-apartments has taken international cities by storm. The rise in micro-living can be attributed to a lack of available land for housing, surges in population, and booming economies in urban areas. Cities such as Tokyo and Hong Kong have experienced the newest wave in housing…are U.S. cities next?
Last month, we wrote a blog on New York’s growing number of zombie properties and what the New York Attorney General planned to do about it. Here is an update on the state of housing of NYC as we discuss the mayor’s plan to make housing more affordable for NYC residents.
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