Why Is Renting Breathable For People?

Cowan D & Marsh. 2001. A Two Steps Forward: Housing Policy into the New Millennium. Policy Press

This report aims to examine and show how economic factors and housing policy have affected provision of affordable housing in Dundee from mid 1900’s to present day. It will show evolution of

Americans across the United States search for the perfect home, location and square footage of course a great price to pay for their castle. Finding an affordable place to live is ideal, and necessary for survival in this day of age. As the years go by the cost of living increases but Americans do not receive a cost of living raise. The demand for affordable housing is on a all time high, but so is the cost of housing in the metropolitan areas across the United States. America must take care of its citizens and should provide affordable housing programs, to assist Americans to either purchase or rent a home.

This policy brief is prepared to give some insights of the housing affordability problem in Australia. In addition, the paper also suggests some approaches in which the Government should consider in tackling the issue in the Australian context. Housing affordability always

Structural factors, such as the availability of low-income housing exacerbate on the already burdening individual factors. The rise in homelessness is mostly due to the decrease in the number of low-cost housing units. Nowadays, families were struggling to consolidate their current situations because they are unable to afford the housing need (Thomas Betar, 2012). Inadequate of affordable housing is one of the contributors of homelessness (Ghee WY, Omar RNBR, 2015). A large number of low-income people have been forced to move. Nearly 6,000 people older people who are aged 60 or above in Victoria need to pay the rent of more than thirty percent of their salary (Ronaldson, 1999). The shortage of affordable and available housing straightforwardly harmonizes to levels of homelessness and inadequacy income and insufficient of

Secondly, in the past few years, household debt has increased rapidly. On one hand, it has deep influence on each Australian. With one dollar earned, one Australian is now in debt for two dollars. Australia’s debt for property is just lower than Switzerland in the whole world and doubles as much as America. Compared with the increase of house debt, salaries of Australians have remained steady, which means people’s capacity to repay debt hasn’t improved. Australians have been recorded low wage growth. From January to March 2017 wages grew just 0.5 percent. Over the previous year, wages grew a total of 1.9 percent. From 2011-2016 wages grew just 13 percent (Anderson 2017). Considering price to income ration index, housing affordability in Australia has broadly declined in the past few years. Nevertheless, it’s very easy for anyone to get loans from the bank. People don’t need strict assessment of credit to get loans and the government has some policy like first home owners scheme to encourage house loans. As the interest rate is at the lowest point in history, any boost of the interest rate would cause hundreds of thousands of households under mortgage depress. In addition, the ease to get loans make more house demand, which eventually make the price going up. If people can only use their incomes to buy properties, the demand would definitely not as high as nowadays. The American house crash

Initially, Matthew Desmond’s book Evicted represents a profound and realistic ethnography about people’s day-to-day experiences of poverty with a particular focus on the outcomes of housing instability within the state. He exploits the evidence from housing court administrative records, excerpts from the news, and different surveys of renters to support his point of view revealed in the book. In his work, Desmond raises questions why the state is introducing the housing policy that deteriorates the position of tenants renting from private landlords and how a person with the monthly income of $628 and rent of $550 can not only provide his family but also survive. In Evicted, Matthew Desmond reasonably criticizes the American housing system according to which most of the low-income tenants are left alone in the private rental market and have no options to receive affordable apartments.

Canada 's housing market is at an all-time high, they are known in Vancouver for having the most expensive housing market. This expensive market is not just a Vancouver problem, it is an issue growing throughout the nation and is depriving the average citizen to be able to purchase a house in their lifetime. There is a major issue with the state of the market and how it affects the current citizens. Issues have been rising where the average wage in Vancouver is estimated at seventy-one thousand per family household, according to the Vancouver Sun (2014), yet the average costing home as reached between five hundred thousand in the municipality to over one million within Vancouver, according to articles by Beth Lindsay (2015) of the Vancouver Sun, and Troy Landereville (2015) of The Maple Ridge Times.

Now it becomes difficult, if finding a place to live during a prosperous age wasn’t hard enough, try finding one during the time of recession. Job losses are very common during this age, and with that comes the difficulty to afford proper housing. Most end up on the street, and others barely struggle to stay sheltered whether it be in their car, assuming they still have one or staying in public shelters. Ehrenreich mentions in her 2011 blog that, “Housing expert Peter Dreier says that “people who’ve lost their jobs, or, at least, their second jobs, cope by doubling or tripling up in overcrowded apartments, or by paying 50 or 60 or even 70 percent of

Housing Affordability in Australia has become the focus point for urban planners in recent years. In particular, South East Queensland (SEQ) has experienced significant pressure as the demand for property and affordable dwellings increases and population growth in the region continues. The issue has come to the forefront in discussions for local governments in the region and there is a real need to address the problem of housing affordability. The subject of affordability is complex and is contributed to by a number of factors including the impost created by Council processes, which is the scope of the HAF-T5 Project.

It is argued that rent needs to be related to cost of living. By using this argument, it becomes such an important issue it cannot be left to the unfair marketplace. ​

Recently, The Australian housing market has been growing rapidly which reflects the housing affordability crisis as the housing price rises much quickly than household incomes. There are two key observations of current Australian housing market from Yates, firstly today’s housing affordability problem is mainly a structural problem and intensified by cyclical pressures. It began 40 years ago when inflation switched focus on housing, besides, there are more renters than purchasers under today’s housing stress situation, and the housing

Multiple reasons exist for the the lack of affordable housing. On the demand side these include population growth and increased migration to urban areas, easily accessible housing finance, tax incentives and a “strong cultural preference for owner-occupied detached houses”. On the supply side, affordability problems are exacerbated by inflexible and slow responses to the need for new housing stock, lack of infrastructure and generally inefficient planning processes and development assessment by local governments.

“Affordability is not simply a matter of housing costs and income levels; it is about people’s ability to obtain housing and to stay in it” (Housing New Zealand Corporation, 2005). Affordability is concerned with different standard at a

New Zealanders living in rental property are low in income, unemployed and lack educational qualifications are far more likely to be living in overcrowded households (Baker et al., 2012; Ministry of Health, 1998). Higher proportions of individuals on low incomes live in older housing, with disproportionate number of Maori and Pacific people in low-income households in regions with poorer quality housing (Robson & Harris, 2007). Many New Zealand families share accommodation with other families to cut down on costs as they cannot meet the expense of sufficient housing, which leads to overcrowding. Additionally, families who spend most of their income on accommodation costs tend to have little money left to spend on basic healthy food. This affects health even further (Jamieson, 1998).