# The Global Housing Squeeze: A Generational Wealth Apocalypse

Source: https://joanwestenberg.medium.com/the-global-housing-squeeze-a-generational-wealth-apocalypse-d01ceaab8905
Kiwi News: https://news.kiwistand.com/stories/The-Global-Housing-Squeeze-A-Generational-Wealth-Apocalypse?index=0x6528df3cf64c9560a229df95dbc928706188e24d6100b8f70c98ed3190c2cb1abe575d49
Submitted by joanwestenberg.eth on 2023-10-13 UTC, 3 upvotes, 0 comments

## Summary

The article argues that housing unaffordability is a generational and global crisis that technology alone cannot solve, since it stems from wage stagnation, inequality and speculative investment that require policy responses. It cites a claim that over 1.6 billion people worldwide will face inadequate housing by 2025, and that at least 150 million face outright homelessness. Individuals interviewed, including Melbourne designer Sara and Austin resident Michael, describe owning a home as no longer a guarantee for their generation. The piece also points to the U.N.'s warning that financialisation of housing markets contributes to inequality and exclusion, and it describes startups such as Loftium, Domuso and Ori as band-aids rather than solutions.