Aside from the theoretical controversies among housing experts, there is ample evidence in various countries on the failure of market economy in creating a sustainable housing system, particularly for the low-income deciles, a housing sociologist said.
“Calls for government intervention in the housing market in favor of the poor, who can’t meet their housing needs through market mechanisms, are not new,” Abdolvahab Shohlibor added in a write-up for the Persian economic daily Donya-e-Eqtesad.
A translation of the text follows:
Policymaking in the housing sector is not only a technical matter, but is also a highly political issue. One of the distinguishing features of governments from each other is their different approaches regarding housing.
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