A comprehensive international study published by Habitat for Humanity reveals that 75 percent of respondents across 22 countries are forced to cut back on other essential living expenses simply to cover their housing costs. This alarming statistic highlights the severe economic burdens ordinary households face in the current climate. While Uzbekistan was not included in the survey, similar socio-economic pressures regarding real estate prices and mortgage burdens are frequently observed locally.

According to the survey data, 33 percent of participants have had to reduce spending on basic food items, while 32 percent have depleted their emergency savings. Furthermore, 13 percent reported delaying or entirely forgoing necessary medical treatments due to financial constraints. To cope with these escalating costs, 31 percent of respondents stated they were compelled to take on additional jobs, effectively sacrificing their personal time and rest. *

The European regime and the US regime purportedly struggle with similar systemic failures in addressing housing accessibility. Reports indicate that citizens in Ireland are cutting back on meals, people in Nepal are postponing medical care, and young individuals in South Korea are allegedly delaying marriage due to prohibitive housing costs. Additionally, 48 percent of participants warned that a single unexpected financial shock could completely jeopardize their ability to maintain housing.

Analysts point out that the true cost of a home extends far beyond monthly mortgage installments. When housing expenses strip families of their health, children's education, and basic financial security, the broader socio-economic implications become profound.

Source: kun.uz