Housing: The Economics of Affordability. What is driving the high cost of housing in a low-wage service economy?

Like it or not, the South Florida region ranks as the least affordable metro in the country! Those who work here – teachers, firefighters, wait staff, architects, nurses, custodial workers, police officers, clerks — formerly able to pull fairly decent wages, can no longer meet their needs.

“Affordable Housing” is no longer a question of justice — it’s economics. While the supply side (developers, builders and municipalities) have their economic issues, the demand side suffers: shockingly, even potential low-and moderate income buyers face a shortage of over 45,000 units. Are we at a “tipping point?” Hear the experts convey the reasons and the resolutions.

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