1. Income Inequality in the United States
Statistics show that the national ratio of affordable units to low-income families in the United States is a slightly more than 3:10 ratio (8). ... According to a study by Joseph Gyourko and Raven Molloy (which shows the gap between real house prices and construction costs), real house prices in 2010 to 2013 were 56% higher than the actual construction costs, which is a 23% percent increase over the average gap during the 1990's (1). ... To do this, the United States Government needs to remove unnecessary regulations, provide more affordable housing for lower class families, and improve ...
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- Grade Level: Undergraduate