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Housing Crisis (other)
Generally speaking, a housing crisis may occur anywhere affordable housing becomes extremely scarce. Sometimes the term "housing crisis" refers to the opposite problem of a housing bubble, wherein house prices fall drastically and demand is low. Housing crisis may more specifically refer to: ;United States * Housing insecurity in the United States * Homelessness in the United States ** Homelessness in California *** Homelessness in the San Francisco Bay Area ** Homelessness in Colorado ** Homelessness in Florida * California housing shortage ** San Francisco housing shortage ** Affordable housing in Silicon Valley * New York City housing shortage ;Other countries * Canadian housing crisis * Affordability of housing in the United Kingdom ** Welsh housing crisis, see Housing and construction in Wales * Housing crisis in Brazil Historic * Amsterdam coronation riots, height of the 1980s Dutch housing crisis * 1990s Albanian housing crisis * 2010s Pakistani housing s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Affordable Housing
Affordable housing is housing which is deemed affordable to those with a household income at or below the median as rated by the national government or a local government by a recognized housing affordability index. Most of the literature on affordable housing refers to mortgages and a number of forms that exist along a continuum – from emergency homeless shelters, to transitional housing, to non-market rental (also known as social or subsidized housing), to formal and informal rental, indigenous housing, and ending with affordable home ownership. Housing choice is a response to an extremely complex set of economic, social, and psychological impulses. For example, some households may choose to spend more on housing because they feel they can afford to, while others may not have a choice. Definition and measurement There are several means of defining and measuring affordable housing. The definition and measurement may change in different nations, cities, or for specific pol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing And Construction In Wales
House prices increased in Wales during the Housing market crisis in the United Kingdom (2008). There has been political debate that this has contributed to a decline in the number of speakers of the Welsh language. Building Redrow plc is one of the largest Welsh housebuilders with a network of 14 operational divisions across the UK. JCB has a factory and shop in Wrexham which recently recruited 20 new workers. Property market Much of the rural Welsh property market was driven by buyers looking for second homes for use as holiday homes, or for retirement. Many buyers were drawn to Wales from England because of relatively inexpensive house prices in Wales as compared to house prices in England. The rise in home prices outpaced the average earnings income in Wales and meant that many local people could not afford to purchase their first home. In 2001 nearly a third of all properties in Gwynedd were bought by buyers from out of the county, and with some communities reporti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Gap
The affordable housing gap is a phenomenon in which the availability of affordable housing is less than the demand. It is directly related to Social inequality, social, Racism, racial, and Economic inequality, economic inequality, and primarily impacts lower income households. The lack of adequate affordable housing can have adverse consequences for families and communities. By Country India India has a fast growing populace and economy. The National Buildings Organisation (NBO) reported a total shortage of 18.78 million homes in urban areas in 2012. By economic group, this urban housing shortage is 10.55 million in the Economically Weaker Section (total household income does not exceed 300,000 rupees), 7.41 in the Lower Income Group (total household income is between 300,000 and 600,000 rupees), and 0.82 million in the Middle Income Group and above (total household income exceeds 600,000 rupees). United Kingdom The United Kingdom, UK National Planning Policy Framework uses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing In Israel
Housing in Israel refers to the history of housing in Israel. History After the establishment of the State of Israel, hundreds of thousands of Jews from all over the world began immigrating to the new state. Many were housed in temporary camps known as ma'abarot, where they lived in huts, tents, and packing crates until permanent housing could be built. In September 1948, the Ministry of Labor established a National Housing Department to supervise development on a nationwide scale. The Amidar housing company was founded that year and plans were drawn up for the construction of 16,000 housing units in and around the country's urban centers. The Absorption Department of the Jewish Agency imported 6,000 cabins from Sweden for temporary accommodation. In cities and development towns all over the country, rows of concrete tenements began to be hastily erected to address the severe housing shortage. These government-funded low-cost housing projects were known as ''shikunim.'' In the la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subprime Mortgage Crisis
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the Financial crisis of 2007–2008, 2007–2008 global financial crisis. It was triggered by a large decline in US home prices after the collapse of a 2000s United States housing bubble, housing bubble, leading to Mortgage loan, mortgage delinquencies, foreclosures, and the devaluation of Mortgage-backed security, housing-related securities. Declines in residential investment preceded the Great Recession and were followed by reductions in household spending and then business investment. Spending reductions were more significant in areas with a combination of high household debt and larger housing price declines. The housing bubble preceding the crisis was financed with Mortgage-backed security, mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially offered higher interest rates (i.e. better returns) than go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2000s United States Housing Bubble
The 2000s United States housing bubble was a real-estate bubble affecting over half of the U.S. states. It was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. On December 30, 2008, the Case–Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is an important cause of the Great Recession in the United States. Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, Henry Paulson, the U.S. Secretary of the Treasury, called the bursting housing bubble "the most significant risk to our economy". Any collapse of the U.S. housing bubble has a direct impact not only on home valuations, but mortgage markets, home builde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Bubble
A housing bubble (or a housing price bubble) is one of several types of asset price bubbles which periodically occur in the market. The basic concept of a housing bubble is the same as for other asset bubbles, consisting of two main phases. First there is a period where house prices increase dramatically, driven more and more by speculation. In the second phase, house prices fall dramatically. Housing bubbles tend to be among the asset bubbles with the largest effect on the real economy, because they are credit-fueled, because a large number of households participate and not just investors, and because the wealth effect from housing tends to be larger than for other types of financial assets. Housing bubble definition Most research papers on housing bubbles uses standard asset price definitions. There are many definitions of bubbles. Most of them are normative definitions, like that of Stiglitz (1990),Stiglitz, J.E. (1990). “Symposium on bubbles”. In: Journal of Economic P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Inequality
Housing inequality is a disparity in the quality of housing in a society which is a form of economic inequality. The right to housing is recognized by many national constitutions, and the lack of adequate housing can have adverse consequences for an individual or a family. The term may apply regionally (across a geographic area), temporally (between one generation and the next) or culturally (between groups with different racial or social backgrounds). Housing inequality is directly related to racial, social, income and wealth inequality. It is often the result of market forces, discrimination and segregation. It is also a cause and an effect of poverty. Residential inequality is especially relevant when considering Amartya Sen’s definition of poverty as "the deprivation of core capabilities". Economic inequality Disparities in housing explain variations in the conversion of income into human capabilities in different social climates. Income does not always translate into desira ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing In Pakistan
Housing in Pakistan generally consists of three classes: '' pakka'' houses (/ ''pakkā'', ), which are made of strong materials like brick and cement; ''katchi'' houses ( ''kachē'', ), which are made of less-permanent materials such as thatch and bamboo; and semi-''pakka'' houses (these make up, which are a sort of mix of the ''pakka'' and ''katchi'' houses. Housing in Pakistan has always been insufficient due to a growing population (which reached 224.7 million in May 2011) and accelerated by urbanisation combined with the housing problem being low-priority in the eyes of the government. Housing shortage and deficit Urban areas were facing a shortage of 4.4 million housing units in 2010, while the population is expected to grow by 40 million in 2030. Furthermore, this shortage is expected to grow due to a shortfall of 270,000 housing units per year. In Pakistan, past trends indicate that the increase in housing stock (146 percent increase) lagged far behind the population growt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bunkers In Albania
Concrete military bunkers are a ubiquitous sight in Albania, with an average of 5.7 bunkers for every square kilometre (14.7 per square mile). The bunkers ( sq, bunkerët) were built during the Stalinist and anti-revisionist government of Enver Hoxha from the 1960s to the 1980s, as the regime fortified Albania by building more than 750,000 bunkers Hoxha's program of "bunkerization" (''bunkerizimi'') resulted in the construction of bunkers in every corner of the then People's Socialist Republic of Albania, ranging from mountain passes to city streets. They were never used for their intended purpose during the years that Hoxha governed. The cost of constructing them was a drain on Albania's resources, diverting them away from more pressing needs, such as dealing with the country's housing shortage and poor roads. The bunkers were abandoned following the dissolution of the communist government in 1992. A few were used in the Albanian insurrection of 1997 and the Kosovo War of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amsterdam Coronation Riots
The Amsterdam coronation riots ( nl, Kroningsoproer) refers to major violence and rioting in Amsterdam, the Netherlands, on the day of the accession of Queen Beatrix, 30 April 1980. It was one of the biggest episodes of such disturbances in the country since the end of World War II and the most significant event of the Dutch squatters' movement (''Krakersrellen''). Background Since the 1960s and the 1970s, squatting had become common in Amsterdam to protest the city's shortage of housing. Many of the protesters were young people of the baby boomer generation. The 1980 riots were preceded by the Nieuwmarkt Riots in 1975 and the Vondelstraat Riots in March 1980, when authorities heavily responded to evict squatters from properties in the city. On 31 January, Queen Juliana announced that she would abdicate in favour of her eldest daughter, Princess Beatrix, on 30 April. Riots Beatrix ascended the throne on 30 April 1980, and squatters started to riot. The protesters were rally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Issues In Brazil
Brazil ranks 49.3 in the Gini coefficient index, with the richest 10% of Brazilians earning 43% of the nation's income, the poorest 34% earn less than 1.2%. According to PNUD, in 1991, 99.2% of the municipalities had a low/very low HDI; but this number has fallen to 25.2% in 2010. On the other hand, the number of municipalities with high/very high HDI jumped from 0.2% in 1991 to 34.7% in 2010. In 2012, the Brazilian HDI was 0.730, ranking 83rd worldwide and considered high. Poverty and income concentration Poverty in Brazil is most visually represented by the ''favelas'', slums in the country's metropolitan areas and remote upcountry regions that suffer with economic underdevelopment and below-par standards of living. In Rio de Janeiro, about a fifth of its population of six million live in several hundred favelas, situated on steep, neglected land largely beyond the control and services of city authorities. An attempt to mitigate these problems is the "'' Fome Zero''" pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
