Lower Mortgage Rates And Subsidized Housing Solve Nothing Until... 3/3 See the full argument as a single clip: From parts 1 & 2, we undrstood: 👉 The historical roots of housing as a privilege for elites, because post-independence policies favoured policymakers and elites, thus perpetuating inequality. 👉 The planning/housing model we adopted wasn't suitable for our local economy and lacked affordable financing. 👉 High costs of full home ownership pushed the majority towards reliance on government aid. 👉 Low to middle-income groups are forced to settle for city outskirts due to housing unaffordability. 👉 Government efforts to address housing deficits are insufficient and benefits are slow to trickle down. And all these inform the need for a more robust and holistic reforms in city planning systems that will lead to a complete turn-around of everything, from land titling, income improvement, and infrastructure to solve housing crisis.