Early on this post tried very hard and entered into housing development in order to provide affordable housing for the working class. The housing loans were P180K at most but land was cheap: 2 numbers and construction cost was still 4 digits.
But now raw land is in high 4 to 5 (in some areas this is 7 numbers) numbers and construction cost is in mid 5 numbers. You cant reach their affordability level. And the wages, productivity are not keeping up.
Are we in the same status as other countries where affordability, even rent is beyond the rich of the middle class (even In Japan, US, Europe) that is why citizens sleep in cars or tent (homelessness is up)
What happens to our childrens housing? What can be the solution? Capsule shelters, tents?
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