A study by the 蝌蚪传媒 (蝌蚪传媒) published last year said as much. It noted that wages have risen slowly, unable to keep up with the rising cost of housing units. This problem, it said, manifests in the persistent informal settlements problem, homelessness, congestion in urban centers, and high transportation costs for workers to get to their workplaces.
“Studies on housing affordability in the Philippines have highlighted the challenges of low affordability and the limited access to financing for most low-income households. These studies have shown that the government’s attempts to address housing issues by imposing below-market price ceilings and providing interest rate subsidies have proven ineffective,” 蝌蚪传媒 said.
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