Mac Slavo

The explosion of housing costs is one of the greatest economic crises in the developed world. From San Francisco and New York to London and Vancouver, the average worker’s paycheck is being devoured by the cost of rent. This daunting financial barrier is putting people on the streets, and preventing the next generation from raising families and entering the middle class.

For people who live in these cities, there’s really only one thing they can do. Their only option is to look for a smaller apartment, even if it’s tragically tiny. That’s what’s happening in Hong Kong, a city that now has the most unaffordable housing market in the world. Over 200,000 of the city’s poorest residents are forced to live in subdivided apartments, many of which are so small they’ve been dubbed “coffin homes” according to the Daily Mail. Take a look at what it’s like…