But perhaps more serious problem arising from this real estate situation, in terms of national integrity, is the degeneration of sound societal value system. The distribution of wealth and flow of income have become severely distorted by the huge magnitude of capital gains from the land price appreciation. Furthermore, out of this situation slowly evolved a social norm whereby only the end result are honored, regardless of the procedures or process involved - a rather dangerous code of ethics. In fact, some worry that if the situation prolongs, a normless phenomenon could eventually prevail. The quality of living in the large urban centers of the developing world is basically very poor and inadequate at best.
Most stringent problem is the housing both in terms of quantity and quality.
In many of the large cities, substantial portions of the urban households are accommodated in shanties and aquatters usually in very crowded conditions. The physical quality of the structures as well as the neighborhood are often quite poor and sanitarily unhealthy. Doubling up or even tripling up is a common feature of the housing situation among the poor. In an effort to alleviate these acute housing problems in a short span of time, the governments of many developing nations tend to rely on building massive high rise multi-family housing, which is rather foreign to many of the new urban population. The rabbit-hutch like apratment units not only alienated indigenous neighborhood networks but also contributed to the rapid dissolution of traditional family lifestyles of many households.