How Does Housing Affordability

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2.1 Theoretical Literature concept of Housing Affordability
Yates, 2006, notes that other expenditure outcomes can also be reduse by housing affordability. Housing consume a high proportion of household expenditure, the trade-offs households are required to make in order to meet their housing needs may mean they have inadequate resources to meet their non-housing needs (Yates, 2006).Specifically, the low income families devoting a large share of their income to housing, often make sacrifices to meet their housing costs, such as going without food, or children missing out on
2.1.1 Emperical Literature
According to Yewoinshet (2007), the housing development program has faced many challenges and many failures.For e.g. the projected cost of housing
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(Disney, 2008).
Housing affordability problem are generating policy change for Common wealth state and local governments. However, as (Burke et al, 2007) indicates, despite the research and numerous reports around affordable housing, progress in addressing the issue has been limited.
Indeed, as the discussion of affordability debates illustrates, many of the conceptual and measurement problems stem from contested understanding of the problems. For example, housing affordability can be understood as the continuing costs of mortgage or rents relative to income, problems of accessing affordable housing (e.g., first home ownership), not being able to afford housing costs after meeting other expenditures. Even more problematically, affordability can be experienced by household types in different ways; that is, through the employment, transport, health, and other consumption trade-offs that have to be made by singles, sole parents and couples with children as they adapt their circumstances to high housing costs and/or low income (Gabriel et al 2005,
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Putting these three life modes into a house/home, or affordable housing perspective, one could relate them as follows:-
The first mode is self-employed where means of production are owned and included within the house.Therefore, the house serving as both living and working place, and no separation between working time and space time.
The second mode is wage-earner, where the house is either regarded as a primary place serving for recreational purpose, or as a place where important spare-time activities are undertaken. The third mode is career oriented, where ideally the house reflect the personal progress in order to reflect position, social status, and past and recent experiences.
Affordable housing and housing affordability have become the dominant and debated issues in the housing policy arena all over the world for the last two decades and the term ‘housing needs’ has been replaced by ‘housing affordability’ and has occupied the center of the debate on the provision of adequate housing for all (Quigley, 2004; Swartz and Miller, 2002; Whitehead, 1991).
However, there is no precise or universal definition of
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