HOW WE GOT HERE, HOW WE ADDRESS IT AND THE DEMOGRAPHIC SHIFTS THAT WILL IMPACT WHAT AND WHERE WE CALL HOME
While the COVID pandemic has created many issues, NAR’s chief economist Lawrence Yun said it may present an affordable multifamily housing silver lining.
“The economy is recovering, but the office sector is sluggish and with the new trend of work-from-home flexibility, we are saying ‘what can we do with the empty office space?’” he said.
“Maybe it can become rental apartments.
For many developers, the numbers aren’t there —
but government funding could fill the gap and create safe, clean, affordable
housing in buildings that already exist.”
“Highways and broadband are good, but
can’t some of the infrastructure dollars be used to create habitable homes?
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