Increase Home Ownership

The last quarter of a century has seen a significant change in Dundee’s housing tenure. In 1981, less than 40% of dwelling stock was owner occupied. By 2010, this had risen to 61%. Although there has been a similar pattern of change across much of Europe, the change has been particularly dramatic in Dundee, and indeed Scotland. Mirroring changes in cultural attitudes toward home ownership, two structural factors have contributed to this shift. The introduction of the right to buy for public authority tenants in 1979 coupled with the decline of local authority new build, and the increased contribution of private sector house building.

Housing is a national crisis issue and the professional solution has priced itself beyond the reach of the majority of citizens.(Archer) To own a house implies commiting oneself to a mortgage and guaranteed income level for the majority of one’s working life.

This proposed study examines the development of housing policy and right to buy from the view of government mentality of UK. This study focused on the difficulties not only to the purchaser of council house but also to those tenants who have not purchase tenancies in UK. This proposed study also discusses the role of social housing in 21st century housing policy. Aim of this study is to provide a framework to the researcher and to identify different impacts of Right to buy scheme on housing market. Among other issues, this study also discusses that council housing gives better opportunities and provide security to the tenants with 33% to 55% discount as compared to market price.

The case shows that their current end customers tended to be baby boomers (born 1946 – 1964) and generation x (born 1965-1984). Many of the baby boomers owned their owned homes and showed that they achieved personal

75% of my respondents that despite their desire to travel, even if they wanted to, they wouldn’t be able to afford to buy a home before they reached 30. After the second World War, Australia was overwhelmed by policies that encouraged home ownership and “families as individual units” (Sharman 1984). Since such a time when housing was booming, home ownership, particularly in Sydney, has become gradually unattainable (McNamara & Connell 2007). Since the 1980’s the percentage of young people aged 20 - 24 in Australia living in shared arrangements doubled (Burke, Pinkey & Ewing 2002), making apparent that other forms of household were inaccessible. This, I believe, reflects escalated housing prices, interest rates and land value. Furthermore, in 1980 26% of young people aged 20 - 24 in Australia lived alone, and by 2000, only 9.3% were living alone (Burke, Pinkey & Ewing 2002). Thus, despite Australia’s economic geography, shared living has since become an attractive and viable option for not only economically constrained students but also young single professionals with the promise of friendship and mutual support (economic or otherwise) (Clark & Tuffin 2015). Half of the participants had moved into a shared household with a person or people they had met before, though 60% of the group hoped that they would make new

Home ownership is the American dream! It is one of the most costly purchases an individual or family can make in their lifetime. Some people save until they have cash to purchase however, many people borrow money from a bank or lending institution; when a person borrows money to purchase a home the loan is called a mortgage. The lender is called the mortgagee and the borrower is called the mortgagor; banks have several different types of mortgages: fixed rate mortgage, adjustable rate mortgage, investment mortgage and much more. Borrowers have to undergo the lender underwriting process to show financial capability of repaying the mortgage (Makarov & Plantin, 2013). In this article I will use a fictitious person named “Julianna,” she is in the process of buying her first home at age 30; I will be her lender and will use mathematical procedures to find out what is her down payment, principle, installment payment, points (closing cost), mortgage maturity value and total interest paid.

The Eastern Roman Empire, also known as Byzantine Empire, was superior to its Western partner. Christianity was the sole religion and was practiced throughout the Byzantine Empire. Trade had a dominant role on the economy of the Eastern Roman Empire. Their strong military and defensive strategies had a huge role on their longevity. The Eastern Roman Empire was more successful than its Western counterpart due to various factors including religion, economy, and longevity.

Poland is a country with colorful traditions, low poverty rates, and a dark history. The past and present events have molded and shaped this country into a unique nation with many possibilities.

Too many Americans have fallen victim to the crisis that has become the norm for our citizens these days. Lenders no longer want to work with individuals who have gone through the foreclosure process and for many it is not only their homes they lose. Some have lost their jobs and/or families, others fall into a deep depression and worst of all some have taken their own lives.

For many years, the idea that ones’ home being the largest investment was said as a complete sentence when in fact, it was only an incomplete sentence. Any duly licensed financial planner would finish that sentence by saying all investments are subject to market conditions, the value that investment could increase or decrease and other similar cautionary statements that their attorneys wrote to protect them. The American public only heard that their home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like they did in the past few years. They had never experienced the financial pain and although only a few years have passed, many have forgotten and are ready to jump right back into homeownership.

America is seen as the land of opportunity in that there are endless possibilities for an individual. In this land of opportunity, Americans strive to obtain the ideal known as the American dream. The American Dream is seen as the accomplishment of an ambition achieved while challenged by adversity.1 Americans often associate this success with the ownership of a home. The home is not simply a place of basic protection; there is a much deeper connection to the individual. Ownership of a home grants freedom and security that establishes a sense permanency for the individual. In contrast, renting a living space possesses a semblance of instability and dependence.2 The desire to improve ones’ position in life inspires one to

In early America, there was a system called slavery in which people would purchase other humans to work for them for no pay and often cruel treatment was involved. Many people today would find this asinine or ridiculous, questioning why another human being would ever have to though cross their mind about doing this, but this was the harsh reality of what slaves had to face. People were ripped from their homeland, chained and put on ships, an action no one could atone for. In 1776, most of the American colonies allowed slavery, but when we fought for our freedom from Britain the northern colonies began to end slavery. The slave population in the south began to augment. People, both black and white, began to speak against slavery and tried to

Housing demand includes household growth, real incomes, real wealth, tax concessions to both owner-occupied and rental housing, concessions to first homebuyers, returns on alternative investments, cost and availability of finance for housing and the institutional structure affecting housing finance provision (Yates, 2008). The growth in the number of households and in real income results in the increased pressure on housing demand.

Homeownership is a double-edged sword. It is the “American Dream” to one day own a house. Compared to their predecessors, Millennials are seeing the advantages and disadvantages of homeownership at an earlier age.  These early generations believed owning a house was the cherry-on-top to being an all-around American and achieving the “American Dream”. As a cynical generation who grew up with information at our fingertips and the world falling around us, millennials see homeownership differently. “The cautious and conservative approach to home buying displayed by millennials is driven by the fact their outlook on life was shaped by a number of bad things when they were young—the terrorist attack on the World Trade Center in 2001, the 2008 financial crisis, the housing bust with mass foreclosures and a weak recovery that has so far provided incomes below that of prior generations” (Stowe England, 36). We learned that the world was not fair and that it is time to redefine the “American Dream” to reflect our current economic society.

As if all of the more or less hidden fees were not bad enough, young, single, and poor families able to find a rental property are often discriminated against. Landlords tend to use factors such as income and credit history in determining who gets their rental property Richer families end up doing better with rent control laws because of this. Poorer people who make up a larger part of the population end up out of a house to live in.