The Impact of Covid-19 Pandemic on the Housing Sector from the Perspective of Home Ownership Affordability
Abstract
The Covid-19 pandemic increasingly is affecting the lives of people and together with it, the economic sector. The spread disrupts the country’s economic ecosystem, including the housing sector. Though the debates on the impact of Covid-19 towards the economy are abundant, the discussions of Covid-19 impacts towards the housing sector from the perspective of home ownership affordability are still lacking. Therefore, this article will study the impact of the pandemic on home ownership affordability. Discussions involved the instability of housing affordability in terms of household income, type and sector of employment, household expenditure, followed by the housing ownership and rental sector which includes affordable housing, home ownership and rental in pandemic phase and potential housing rental sector. This article unlocks to a debate on the challenges and sustainability aspects of home ownership affordability for the endemic phase.
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