Real Estate Inequalities In societies, inflation rates impact many people, in terms of their efforts to maintain their standard and quality of life. The article “Toronto and area house prices, out of reach for most,” written by Marc Montgomery, explains one of the areas where inflation has made a huge impact, especially for new home buyers who are unable to purchase homes due to the steep prices. This topic relates to conflict theory, because conflict theory is concerned with power struggles between different classes. It has a macro perspective, and as a result, conflict theory helps readers understand the issues first time home buyers face by examining the various power struggles and social inequalities within society. To begin with, homeowners
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For example, taking a look at one’s salary could allow readers to gain a clearer understanding on the class struggle concerning shelter and affordability. Since new buyers are only really able to purchase condos rather than houses (Montgomery, 2015), there could be a link to the lack of opportunities they have, versus individuals who already own housing. The difference in jobs could be severe, since people such as those in powerful and/or wealthy companies are more likely to buy houses rather than condos, unless they wish to purchase one after already maintaining a house. For instance, in Toronto, one would need to be making about $113,000 to be able to afford an average priced house in December, 2014 (Bromstein, 2015). Therefore, the use of conflict theory could bring prices and its effect on homeowners more into perspective for …show more content…
This information would be important to deduce the power struggle and any preferences directed at those in the higher class compared to the opportunities given to lower classes. A concept from conflict theory that would make a significant impact on this article would be the power struggle and social inequity between classes since poorer, low-income couples may not be able to afford houses, whereas upper-class couples may be able to, even if they were in the same age bracket. This demonstrates the significance of connections and networking, because they are very important to be able to obtain better jobs and therefore earn a higher pay (Strategic Business Network, 2011). Also, those who cease being able to afford their houses would struggle when trying to find somewhere else to live, causing the inequality to persist. Thus, these individuals would find it harder than others to seek out more affordable locations to live, and it will usually result in them downgrading in order to afford some sort of roof over their
For example, taking a look at one’s salary could allow readers to gain a clearer understanding on the class struggle concerning shelter and affordability. Since new buyers are only really able to purchase condos rather than houses (Montgomery, 2015), there could be a link to the lack of opportunities they have, versus individuals who already own housing. The difference in jobs could be severe, since people such as those in powerful and/or wealthy companies are more likely to buy houses rather than condos, unless they wish to purchase one after already maintaining a house. For instance, in Toronto, one would need to be making about $113,000 to be able to afford an average priced house in December, 2014 (Bromstein, 2015). Therefore, the use of conflict theory could bring prices and its effect on homeowners more into perspective for …show more content…
This information would be important to deduce the power struggle and any preferences directed at those in the higher class compared to the opportunities given to lower classes. A concept from conflict theory that would make a significant impact on this article would be the power struggle and social inequity between classes since poorer, low-income couples may not be able to afford houses, whereas upper-class couples may be able to, even if they were in the same age bracket. This demonstrates the significance of connections and networking, because they are very important to be able to obtain better jobs and therefore earn a higher pay (Strategic Business Network, 2011). Also, those who cease being able to afford their houses would struggle when trying to find somewhere else to live, causing the inequality to persist. Thus, these individuals would find it harder than others to seek out more affordable locations to live, and it will usually result in them downgrading in order to afford some sort of roof over their