Answer to Question #198035 in Macroeconomics for Zalikha

Question #198035

c) In a new diagram, show the situation of property overhang as mentioned in paragraph 3 in the article. Also show how efforts by developers to limit units offered may avoid future overhang.


1
Expert's answer
2021-05-25T16:56:33-0400
SolutionSolution

Property overhang, shows the units build and are complete. For developers to avoid future property overhang then they need to consider some of the factors below;

  • They should improve accessibility and affordability of the units they are selling
  • Also, the should strengthen institutional capability for the national housing policy i.e to ensure that the market is not flooded with unworthy houses
  • They should build in cohesive neighborhoods
  • Also improve coordination between housing development and transportation to increase accessibility.

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