Housing Affordability Crisis

Among the swanky skyscrapers of India's financial capital Mumbai, hundreds of dangerously dilapidated buildings facing demolition are crowded with families risking their lives rather than braving impossibly high rents.

A recent report highlights the intensifying struggle for affordable housing worldwide, not limited to a few major cities but spanning across various countries.

Apple said Monday it will spend $2.5 billion on a housing affordability and availability campaign, the latest in a string of pledges by tech giants to try to ease an escalating housing crisis in the Bay Area and elsewhere.

A shortage of affordable homes and a reduction in overseas allowances since the financial crisis are pushing foreign staff on middle incomes out to less glamorous areas of the city far from the office, or to neighbouring Sharjah.

Among the swanky skyscrapers of India's financial capital Mumbai, hundreds of dangerously dilapidated buildings facing demolition are crowded with families risking their lives rather than braving impossibly high rents.

A recent report highlights the intensifying struggle for affordable housing worldwide, not limited to a few major cities but spanning across various countries.

Apple said Monday it will spend $2.5 billion on a housing affordability and availability campaign, the latest in a string of pledges by tech giants to try to ease an escalating housing crisis in the Bay Area and elsewhere.

A shortage of affordable homes and a reduction in overseas allowances since the financial crisis are pushing foreign staff on middle incomes out to less glamorous areas of the city far from the office, or to neighbouring Sharjah.