Reloba, Lovelyn O.

October 24, 2023

BS Architecture A532 AR171 Housing
The middle class prioritizes quality and affordability in housing, seeking a safe living
environment close to workplaces, medical facilities, and educational institutions. They fuel the
dynamism of the housing market and support economic expansion. Developers create
housing options that fit their particular requirements, encouraging homeownership and
promoting stability in the housing market. For a country's housing market and economic well-
being, it is essential to address the special housing needs of the middle class.
In order to maintain social and economic stability, the middle class, a sizeable segment
of the population, is essential. Owning a home denotes financial security, resulting in a fair
distribution of wealth. By concentrating housing development efforts on the middle class, the
real estate industry may experience innovation, resulting in more affordable, environmentally
friendly, and sustainable housing options. By encouraging economic stability, innovation, and
social harmony, this strategy benefits society. It is wise to design housing solutions to meet
the needs of the middle class because it has an effect on the larger social and economic
environment.
A sizeable portion of the population, the middle class, is essential to preserving the
resilience and stability of the housing market. A multifaceted strategy is needed to address
accessibility and affordability issues for the lower class. Financial support, subsidies, or flexible
financing options can be offered by governments and private developers. Creating affordable
housing clusters close to amenities and employment centers should be the main focus of
urban planning and infrastructure development. For the housing market to be sustainable in
the long run and to create a more just society, a comprehensive strategy that prioritizes the
middle class is required.
When housing investments are prioritized by developers, it promotes economic
resilience and upward mobility. By providing middle-class people with affordable, high-quality
housing options, we enable them to invest in real estate and benefit from rising equity. A
healthy middle-class housing market boosts employment prospects, generates income, and
promotes consumer spending, economic stability, and tax collections. For long-term
sustainability, economic growth, and a resilient economy, a balanced housing policy is crucial.

References
Delmando, L. (2023). Philippines Residential Real Estate Market Analysis.
https://www.globalpropertyguide.com/asia/philippines/price-history
New York City Housing and Vacancy Survey. (2023). New York City Housing and Vacancy Survey (NYCHVS).
https://www.census.gov/programs-surveys/nychvs.html
Why New York’s Billionaires’ Row Is Half Empty. (2021). https://www.youtube.com/watch?v=Wehsz38P74g&t=11s
Nearly Half of Billionaires’ Row Remains Unsold. (2021). https://www.serhant.com/blog/948/nearly-half-of-
billionaires-row-remains-unsold
New York City Independent Budget Office. (2015). From Tax Breaks to Affordable Housing:
Examining the 421-a Tax Exemption for One57. https://ibo.nyc.ny.us/iboreports/from-tax-breaks-to-affordable-
housing-examining-the-421-a-tax-exemption-for-one57-july-15-2015.pdf