Real Estate, is the foundation of anything, and any necessities require the foundation. Even other non-necessities such as entertainment of some sort require the foundation.
However,.. now the price of real estate has skyrocketed high and not at par with the slow rising or stagnant of labours’ incomes growth over the years. Which make people can’t afford homes anymore.
Since real estates are the foundation for shelters, and shelters are one of the most important humans’ basic needs. These make landlords marked up the price uncontrollably to enjoy a large amount of profit. Not only that, the landlords also have set high rental rentals followed by the rest of other buildings across the street which leads the people to have no options other than being homeless.
With the trend of many employers starts to loosen up and let their employees work at home most of the time, this will create a phenomenon where people are starting to move out of the city since they don’t require to travel to work every day anymore. They are also able to save up by enjoying the low rental properties or buy more affordable houses outside the city. Furthermore, they can enjoy a less congested life compared in the city where everything needs to plan ahead with taking into account the time will be stuck in the traffic.
Positively these can increase the economy of the suburb areas and more opportunities for small businesses to increases their revenues. Besides, people can be healthier physically and mentally with a less concrete environment and breathe in less polluted air.
On the other hand, since will be more people moved out of the city, the properties values in the city will decrease to reasonable prices or rates. Together with the policy enforcement on these ridiculous marked up properties that make many people homeless or having not enough food on the plate, societies also need to spread around the countries and to spread out the real estate values equally and accessible.
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