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Podcast: The Daily Discourse
Episode: Household income and home ownership
Description: Low-income households in South Africa face an acute shortage of formal housing and up to 5 households are competing for a home ownership on a singular property. More than 80% of South Africa’s households earned under R26 000 per month and as a result, illustrates that affordability remains a major obstacle to most households having a property to call their own. For those earning less than R13 000 per month, this pushed many into backyard rentals, informal structures, or traditional dwellings that weren’t formally registered – and often these options were further away from work than is ideal. It also places...