Posted on 10/24/2014 2:59:04 PM PDT by Lorianne
staggering 330 million urban households around the world live in substandard housing or are so financially stretched by housing costs they forgo other basic needs like food and health care, according to McKinsey.
Urban dwellers globally fork out $650 billion more per year on housing than they can afford, or around 1 percent of world gross domestic product (GDP), McKinsey estimated in a new report, highlighting the enormity of the affordability gap.
More than two-thirds of the gap is concentrated in 100 large cities. In several low-income cities such as Lagos and Mumbai, the affordable housing gap can amount to as much as 10 percent of area GDP.
(Excerpt) Read more at cnbc.com ...
Okay, I’ll put it on my list.
LMAO
Let me guess, we owe for that too.
Capitalism can solve that.
Donate your house to a Lagos telephone scammer. You owe them! Scammers need housing too!
HUD’s Dollar Homes initiative helps local governments to foster housing opportunities for low to moderate income families and address specific community needs by offering them the opportunity to purchase qualified HUD-owned homes for $1 each.
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/dhmabout
If you are white middle class you are supposed to feel guilty when you read this.
It’s not working for me.
Are we expected to feed, clothe, house and provide medical care, transportation and entertainment to the entire 3d world?
Our federal government seems to think so.
If you are white middle class you are supposed to feel guilty when you read this.”
I get browbeaten all the time by people who think we should be doing more. And if one more person tells me something is “for the children” I may vomit. Charity begins at home. If everyone took care of their own family problems and we quit destroying the family structure, a lot of our problems would be taken care of, at least in the U.S.
those look like adequate houses. they gots doors and windows and roofs and stuff and they’re painted. Look good to go to me.
I don’t see any problems at all.
Doesn’t work for me either. I think they need to go back and write some more and give it another try.
I don’t feel a thing right now.
Still trying ...
Still ...
Nope.
Just the freebies and handouts to our own Moocher Class is driving us into bankruptcy and yet they expect us to elevate the entire world.
*Note the boy taking my photo with his cellphone!!!!!!!!
No mortgage, no electric bill, and low taxes...what’s not to smile about!
Hey, I’m thinking...
Give me some time...
I know I owe the world (leftist that is)...
I feel guilty.
I’m dealing with it.
LOL
Man, has there ever been a more time when there was a more concerted effort to bilk the U. S. Citizen.
And some folks buy into it.
Yeah, they’re right to trash my generation for not doing more.
NO! They aren’t!
Substandard, thier not happy with a roof over thier head they want a 65 inch tv to go along with it, and as a matter of fact they already have one and would like the HBO and cinemax package. get off my coat tails and get a job lazy a##es, vote these politicinas out who pander to these cretans
Most have electricity, and a TV. There are five national TV channels and loads of am and fm radio stations. No mortgage for sure, and taxes are paid only when they must.
But, the smile is always there, as they are accepting of their life, and try to make the most of it. Many work for 150 pesos per day in the fields or forests, and are happy if they can buy fish and rice. Coconut wine (tuba: pronounced chubs) is cheap and many drink to excess. Tanduay rum and Emperador brandy are around $2 per liter bottle.
Almost every celebration here has a roasted pig at a cost of $75-100 (USD). The family will all pitch in to buy it and all of it disappears soon after the party ends.
Should be: Coconut wine (tuba: pronounced chuba) ...
The fish look good. Pesos are the money in Philipines?
Do you live in Philipines? One FR said that there is one area of the Island not prone to bad storms, and he has a place there. That devastation from the typhoon or tornado a couple of years ago killed a lot of people and destroyed everything in it’s path. Sad.
Never had any coconut wine....interesting brew. I am mostly non drinker...except wedding toasts or at invited dinners...no more than two.
Yep, I have seen similar things all over the world. People living in modest housing and very happy.
Of course, there are some awful and unclean slums as well and the lack of clean water and sewers is a problem.
But basic shelter and sanitation is doable by people in any country if they get their act together. It’s not that hard and not that expensive.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.