NYC Mayor Unveils Affordable Housing Plan

Global Business

With income inequality in the U.S. widening, the lack of affordable housing is getting worse, particularly in economically vibrant cities like San Francisco and New York. In response to this, New York City Mayor Bill de Blasio recently unveiled a plan to build, or preserve, more than 200-thousand low and middle-income units during the next ten years.

Follow Karina Huber on Twitter@kkat31

NYC Mayor Unveils Affordable Housing Plan

NYC Mayor Unveils Affordable Housing Plan

With income inequality in the U.S. widening, the lack of affordable housing is getting worse, particularly in economically vibrant cities like San Francisco and New York. In response to this, New York City Mayor Bill de Blasio recently unveiled a plan to build, or preserve, more than 200-thousand low and middle-income units during the next ten years.
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Home prices nationwide in the U.S. were up as much as 13 percent in the past year, which helped lift four million homeowners from being underwater. However, this also priced many homeowners out of the market.

CCTV’s Michelle Markori sits down with Pej Barlavi, CEO of Barlavi Realty, to discuss the challenges of the U.S. housing market.

Pej Barlavi on Affordable Housing

Pej Barlavi on Affordable Housing

Home prices nationwide in the USA were up as much as 13 percent in the past year, which helped lift four million homeowners from being underwater but are also pricing many out of the market. CCTV’s Michelle Markori discusses with Pej Barlavi, CEO of Barlavi Realty on how affordability of the housing.
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Meanwhile, Ireland is also struggling with affordable housing: real estate speculation is driving rental prices into the stratosphere, leading to social tensions. CCTV’s Lourda Sexton reports from Dublin.

Follow Lourda Sexton on Twitter@lourdasexton

Ireland\'s Affordable Housing Struggles

Ireland\'s Affordable Housing Struggles

Lourda Sexton reports from Dublin where real estate speculation is driving rental prices into the stratosphere leading to social tensions.
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