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Home-ownership
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. The home can be a house, such as a single-family detached home, single-family house, an apartment, condominium, or a housing cooperative. In addition to providing housing, owner-occupancy also functions as a real estate investing, real estate investment. Acquisition Some homes are constructed by the owners with the intent to occupy. Many are inheritance, inherited. A large number are purchased, as new homes from a real estate development, real estate developer or as an existing home from a previous landlord or owner-occupier. A house is usually the most expensive single purchase an individual or family makes, and often costs several times the annual household income. Given the high cost, most individuals do not have enough saving, savings on hand to pay the entire amount outright. In developed countries, mor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Home Ownership In Australia
Home ownership in Australia is considered a key cultural icon, and part of the Australian tradition known as the Great Australian Dream of "owning a detached house on a fenced block of land."Winter, Ian and Wendy StoneSocial Polarisation and Housing Careers: Exploring the Interrelationship of Labour and Housing Markets in Australia Australian Institute of Family Studies. March 1998. Home ownership has been seen as creating a responsible citizenry; according to a former Premier of Victoria: "The home owner feels that he has a stake in the country, and that he has something worth working for, living for, fighting for."Kemeny, Jim. "The Ideology of Home Ownership." Urban Planning in Australia: Critical Readings, ed. J. Brian McLoughlin and Margo Huxley. Melbourne: Longman Cheshire Pty Limited, 1986. p256-7. In 2016 there were about 9.9 million private dwellings in Australia, each with, on average, 2.6 occupants. In 1966 about 70% of dwellings were owner-occupiedAustralian Bur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
