Could Low-Cost Housing Be Creating Slums?

Some residents of The Woodlands outside of Houston are worried about new development.

By Hady MawajdehOctober 16, 2015 8:30 am|

Texas has several of the fastest growing housing and homebuilding markets in the U.S., and Houston ranks in the top three, along with Atlanta and Dallas.

But with all of these homes being built and sold at remarkable speeds, one might wonder where the home builders and laborers are living – or if they can even afford to live in the cities in which they work.

Lauren Etter, a reporter for Bloomberg Business, has written about some developers that are offering much-needed low cost housing. She discusses why some neighbors think the development will bring slums to their neighborhood.

What you’ll hear in this segment:

-What makes these tracts of land the potential site of “instant slums.”

-Who these home sites are designed to appeal to and why.

-Why these plots have been described as a landscape from a Steinbeck novel (hint: it’s not a compliment).