In this five part series — Through the Roof — the Daily News explores the economic, market and social factors that have led to skyrocketing housing prices in Galveston — and the rest of the country — and how those prices affect communities and the families that live in them.
This five-part series is provided free to digital readers through the sponsorship of Tom's Galveston Real Estate.
The lack of affordable housing in Galveston creates a significant problem for employers who struggle to attract workers. At the same time, many experts say stagnant wages are at the root of the housing crisis.
Short-term rentals have come under fire for taking both long-term rental units and owner-occupied houses off the market, driving inventory down and costs up in numerous ways. But the long-term effect of this new industry on communities still is undetermined and the harm perhaps overstated.
The high cost of housing has pushed many families to communities where rents are cheaper or where they can buy more house for their buck. The flight, among other things, means fewer students — and less money — channeled into Galveston schools, further straining district resources.
Local leaders, like those across the country, have struggled to draft zoning rules and create programs that incentivize affordable housing and stay true to traditional neighborhoods. Has it worked anywhere? And if not, what would?
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