(Why) Are Housing Costs Rising?doi:10.2139/ssrn.3318763housing affordabilitylabor costsregulationwagesHousing costs, relative to household incomes, have grown by 22 percent between 1980 and 2017. While the standard view among economists is that these costs refleSocial Science Electronic Publishing...
Going into 2023-24, University Housing prices increased at a cumulative average of 6.9%, compared to 3.2% in the prior year. 1×1 floor plans are still the most expensive, but also saw a much larger jump in price compared to last year. In an interview withThe Mercury, Matthew Grief, a...
CWhy China's second- and third-tier cities are growing in the future? Until very recently, China'syoung people, investors(投者), consumers and creators flooded into just four cities: Beijing, thecapital; Shanghai, a financial heart; Shenzhen, a tech centre; and Guangzhou, an export powerho...
Federal and local governments are bound to continue assessing the potential of policies in support of office reutilization, be they conversions to residential or something else. In time, these could very well accelerate the rate at which new housing is created. It's probably no coincidence that t...
First, the GTA desperately needs more housing. Second, building more housing for Canadians creates domestic jobs, economic activity and supports industries from coast to coast. Third, new housing projects are struggling now with financial viability due to a “cost to ...
Why are more renters opting for smaller apartments? ✅ Affordability - Due to rising housing costs, smaller apartments provide lower rent, utility bills and maintenance expenses than their larger counterparts. ✅ Sustainability - Small spaces require less energy for heating, cooling, and lighting....
Why are wages in America stagnant whilst housing and inflation has skyrocketed? Why do rich people have a higher marginal propensity to save than poor people? Why do firms' marginal cost curves become upward sloping, after a certain level o...
"A lot of people are holding back from moving or selling," Liu said. Observers would expect home prices to fall amid low consumer demand, but the stubbornly high housing costs may be owed to that reluctance among prospective homebuyers to first put the...
After housing costs, a fifth of households with children would need to spend 70% of their disposable income on food to afford the government-recommended healthy diet, according to the Food Foundation. Time poverty The cost of food is not just measured in terms of money, but time. ...
The optimistic outlook comes as mortgage rates continue to trend toward 7%, showing that homebuyers may be starting to accept the higher borrowing costs. Momentum in the housing market may have ramped up in December, but existing home sales finished the year muted as buyers w...