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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The housing dream is fading away: Are housing complexes only for the wealthy?

    Rocky
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    The housing dream is fading away: Are housing complexes only for the wealthy? Empty The housing dream is fading away: Are housing complexes only for the wealthy?

    Post by Rocky Mon 11 Nov 2024, 6:48 am

    [size=38]The housing dream is fading away: Are housing complexes only for the wealthy?[/size]


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    November 11, 2024[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala: In light of the rising costs of real estate in Iraq, investment residential complexes have become a heavy burden on citizens, especially those with limited income and the poor and middle classes, who find it increasingly difficult to obtain housing units within these complexes. Prices have risen significantly, making them beyond the reach of most Iraqi families, effectively limiting them to the wealthy classes who can afford these expenses.
    This dilemma comes at a time when investors are rushing to make profits without paying attention to the needs of a large segment of citizens who are now deprived of their most basic rights to adequate housing.
    Member of the Parliamentary Investment Committee, Susan Mansour, spoke about the shortcomings of investment agencies in the governorates, describing the current prices as “overwhelming” for citizens, and called for the necessity of activating social housing projects that serve the low-income segment.
    She also urged the government to take quick steps to address the crisis, noting that current housing investment projects are now reserved for the wealthy classes only, while the middle and poor classes lack suitable alternatives.
    In Iraq today, the dream of owning a home has become out of reach for many. With the unprecedented rise in housing prices in investment complexes, the average citizen finds himself besieged by demands he cannot meet. Analyses have indicated that the real estate reality has become more inclined to serve only the rich, as doors are closed to the middle and poor classes, deepening the social gap.
    MP Suzan Mansour commented that “prices are beyond the means of the average citizen,” stressing that investment agencies in various governorates bear a large part of this responsibility, as they have not contributed to providing residential complexes at prices commensurate with limited income. According to information issued by local oversight committees, the main obstacle lies in investors’ focus on quick profits, while cities suffer from a noticeable shortage of social housing projects.
    Engineer Nadia, who works on private housing projects, said that there is a “deficiency in the investment vision of the responsible authorities,” adding that the idea of ​​housing for low-income people does not receive any serious support, despite the large volume of demand for it.
    While popular calls for public housing projects are increasing, a tweet by citizen Ali, an employee in the education sector, says, “We are tired of promises. Where are the projects that suit our circumstances? Even our dreams of a simple home have become the preserve of the wealthy only.”
    An analysis by one investor stated that “focusing on profitable projects without taking into account the social dimension may exacerbate social crises,” warning of the risks of excluding a large segment of citizens from the housing market, which may negatively affect social stability.
    Some observers believe that investors’ focus on profits alone without taking into account the needs of vulnerable groups may create an unbalanced environment in the long term, while there remains a need for comprehensive housing policies that achieve a kind of justice in distribution.
    Another tweet by an Iraqi blogger said, “We see luxury residential complexes around us, but what is the point of them if only the rich benefit from them? Why are there no housing projects for the lower classes?”
    Many low-income people living in rentals feel great financial pressure due to the continuous rise in rental prices, at a time when housing projects remain within the reach of only the wealthy.
    Sources from the National Investment Authority said that “the priorities are currently directed towards finding long-term solutions to the housing crisis,” but they stressed that the lack of resources and weak government support make solutions slow, while citizens living in rented apartments considered that the government does not provide realistic and direct solutions to them, but rather is content with statements.
    In light of this, an economic analysis says that the absence of housing programs for low-income people may lead to the adoption of unconventional methods to bridge the gap, such as building low-cost complexes, supporting citizens with financing programs, and it may require a government directive obligating investors to a certain percentage of projects to serve low-income people.
    One tweet read: “We won’t wait long, we need realistic solutions, not far-fetched dreams.”
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