I t’s important for real estate discerning what has staying power from a flash-in-the-pan fad can be a tough task. Too often the trends that meet the structural and economic needs of a developer may not satisfy the human element a customer desires. With creativity, we can meet both commercial and social needs. professionals to stay on top of the latest trends in the industry. But At a recent national conference of high-yield investors, more than half the sessions were focused on housing and real estate. The major themes discussed were supply of workforce housing, attainable housing, and transitional housing in communities with desperate need. These are not localized situations; they are global. A recent study from Fortune magazine showed the average annual commute cost workers $2,000 more in 2023 than it did in 2019. In fact, a new National Low Income Housing Coalition study found “the shortage of affordable housing costs the American economy about $2 trillion a year in lower wages and productivity. Without affordable housing, families have constrained opportunities to increase earnings, causing slower GDP growth.” Housing costs and policies can also shape where people choose to live, work, and study as well as their ability to move or change jobs. The increased cost affects families of lower income at a much higher proportional rate.
How do we solve this?
thinkrealty.com | 21
Made with FlippingBook Online newsletter