Ark Law Group Blog
Short Sale, Loan Modification & Foreclosure Solutions

Examining the Root Causes of Affordable Housing Shortages


Aaron Knapp, runner-up in the Student Voices scholarship program, examines the root causes of the afforable housing crisisThe Student Voices Scholarship Program is highlighting another Runner-Up from the recent essay prompt about the housing shortage. Aaron Knapp points to variables like population influx, increased rent costs, decreased median wages and gentrification as considerations when examining the root cause of housing crises in metro areas. He addresses that the problem in reference is truly with regards to “affordable housing,” not housing as a whole. However, with affordability commonly referred to as 30% of total household income, most dwelling options in metro areas force the tenant to decide whether putting themselves in a financial bind is a worthwhile tradeoff.

Click here to read what Aaron Knapp had to say about the housing shortage in metro areas.

Ark Law Group, February 20, 2019

Ark Law Group, February 20, 2019

Comments (0)

Add Your Comment

Ark Law Group - Loan Modification, Short Sale, Debt Relief, Foreclosure Attorneys
Examining the Root Causes of Affordable Housing Shortages

Mortgage Problems? Get FREE Answers to Your Questions Now

Search the blog...

You May Qualify for FREE Legal Counsel - Apply Now!