Housing Essay

1 INTRODUCTION The Singapore public housing policy since its establishment has proved to provide shelter for the population and has contributed significantly to the economic, social and political development of Singapore. This policy has been the benchmark for the best public housing by other countries notably China and Hong Kong (Yang, 2010; Wong, 2011). The public housing policy implementation has been spearheaded by Housing and Development Board (HDB) to tackle post war economic problems such

- Introduction In the 1990s, Housing program in South Africa in general, and in Cape Town in particular, was still influenced by earlier housing policies and constrained by the pattern of low-income urban settlement inherited from the apartheid era, the governments’ approach has undermined the ability of a part of the households to utilize the kinds of urban housing which is promised by this policy .the article studied here “Housing and difference in Cape Town, South Africa” study the reasons behind

Housing affordability has become a growing concern for many Australian citizens in the past decade. The median Australian house price has risen substantially in the past ten years and has increased at a rate that has exceeded the median income. Between 2012 and 2014, the median house price rose by $76,700, and income rose by $4113.20. Putting those numbers into perspective, the average income in 2014 rose by merely 2.3% in comparison to house prices which rose by 9.23%. Australia’s housing affordability

During the early 2000 's, the United States housing market experienced growth at an unprecedented rate, leading to historical highs in home ownership. This surge in home buying was the result of multiple illusory financial circumstances which reduced the apparent risk of both lending and receiving loans. However, in 2007, when the upward trend in home values could no longer continue and began to reverse itself, homeowners found themselves owing more than the value of their properties, a trend which

The National Land Use Act: A Case for the Housing Sector At the closing of the 15th Congress, the National Land Use Act (NLUA) bill or SB 3091 reached second reading in the Senate before being stalled by a contention on the Maintenance and Operating Expenses and a request to study the bill anew. The current form of the bill is sponsored by Senators Escudero, Marcos Jr., Drilon, Honasan II, Cayetano, Estrada, and Legarda (Senate of the Philippines 2013, 94). It was not included in the agenda of the

The loss of public housing and the expanse of the wealth gap throughout the state of Rhode Island has been a rising issue between the critics and supporters of gentrification, in both urban areas such as Providence and wealthy areas such as the island of Newport, among other examples. With the cities under a monopoly headed by the wealth of each neighborhood, one is left to wonder how such a system is fair to all groups. Relatively speaking, it isn’t, and the only ones who benefit from such a system

reasons on why the Global Financial Crisis started. However, most economists can agree that the bursting of the U.S housing bubble, irresponsibility practiced by regulators and financiers, greed of banks, lack of leadership from central banks, complex chains of debt, and the credit crunch led to what is referred to as the largest crisis since the Great Depression. The collapse of the housing bubble, which peaked in 2004, in the United States is usually cited as the initial trigger of the crisis. The

This report reviews a number of factors with the housing market, starting with the rent/price ratio, and covering relevant economic events and factors specific to renting and home ownership. Rent/Price Ratio Data The rent/price ratio data over a fourteen-year span from first quarter 2000 through first quarter 2014 tracks the trends of the housing market leading into the housing crisis that started in 2007 and its rocky path to correction. The start of this period shows a ratio of 4.7 percent

The Positive Impacts of Affordable Housing in a Community According to The Economic Times, affordable housing is defined as housing units that are occupied by a person whose income is below the median of household income. The purpose of researching this topic is to inform readers of the positive outcomes which stem from affordable housing in communities and also to give examples of the life changing impacts affordable housing has on families. Through analysis and observation, a person may become

• Introduction Housing bubble is basically a phenomenal increase in the real estate prices in local or global markets to a point, where these prices are not sustainable and hence eventually decline abruptly. One of the most detrimental housing bubbles that we have witnessed was the U.S housing bubble, which was one of major reasons which led to the recession in the USA during 2007-2009. This bubble can be indicated by the fact that nominal housing prices had increased by 188% from the year 1997