By Thomas S. Bozzuto | Multi-Housing News
There is a tremendous housing problem in America. It was also the case 45 years ago, when I studied urban issues in graduate school. Some things have gotten better; some have not. But if we make some changes now, in another 45 years the situation might be somewhat better.
Fifty years ago, when rioting spread through American cities, we as a country had a two-pronged housing crisis. First, there were thousands of Americans living in homes that were physically deteriorated, lacked basic infrastructure, and were very far from being “decent, safe and sanitary.” Second was a financial crisis: Many Americans were paying far more than 30 percent of their income for rent.
