Housing shortage in big cities can cause severe social consequences. Some people think only government actions can solve this problem. To what extent do you agree or disagree? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least 250...
want to live in the cities. They continue to move to Sun Belt cities and older ones of the Northeast and Midwest. Many young professionals are moving back into city. They prefer the city to the burbs because their jobs are there; or they jus enjoy the excitement and possibii that the ...
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...
There are two reasons. First, jobs in housing construction are not a particularly large share of total employment. The direct loss of jobs was in the 100,000s, not millions. In addition, many of the workers who lost jobs in construction gained jobs in other sectors. Thus RGDP continued to...
"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 their own homes up for sale, Liu ad...
Why is new housing both so necessary and so unpopular? Drawing on the findings of her independent Review of Housing Supply, Kate Barker revisits the case for increasing the supply of new housing and reflects on some of the controversies surrounding the Review's conclusions.(housing need and ...
Housing costs are unlikely to spiral any higher thanks to a recent drop inmortgage rates,which fell after the government reported that inflation cooled in May. However, they may not go much lower, either. "The latest inflation report is good for homebuyers because it has already sent mortgage...
s not that ethical brands are so much more expensive but rather that fast fashion has warped our sense of how much we should be paying for clothing. “Fast-fashion brands have built incredibly damaging supply chains to get prices to be as low as they are,” she says. “They’re ...
18 Like us, they are interested in the aggregate consequences of cross-sectional changes. However, the focus of this literature is on productivity and output, while ours is on housing costs. Turning to the cross-sectional empirical research, it can largely be split into two categories: ...
Investors often focus on mortgage rates and refinancing activity as key drivers of housing demand, but trends in real income tended to play a bigger role. These are being squeezed by the rise in CPI inflation. The US house price to income ratio is now at a postwar high of 4.8x, and wit...