Housing estate

An important trend which can have a large and negative affect on the lives of homeless and low-income populations is that of housing. The GTA saw a 16.1% increase in the price of houses from 2016 to 2017. A popular area in Toronto - Richmond Hill ended the 2016 year with a 30% increase in home values. In fact, the average selling price for all home types hit a record high in April 2017 with an increase of 24.5% to $920,792. The cost of condominiums rose 4.3% from April 2017 to May 2017 to an…

funding faces obstacles in bridging the public housing deficit gap. Iconic, urban housing failures such as 1950’s, Pruitt-Igoe projects, exemplifies U.S Federal government’s inability to adequately provide properly funded public housing. Biased public sectors contend public housing does not deteriorate due to insufficient budgeting, but it is caused by the behavior of the poor. Hence, “throwing” money will not resolve the issue. Contrarily, others argue housing conditions decline, due to…

of those victims of foreclosures have since turned into potential homebuyers. Today, just 5 or 6 years after the economy took such a large hit, it has reached record heights. The real estate market is still difficult to buy for many, but it has definitely come back from where it was. How did real estate turn around so well you ask? When homes are…

Gentrification is seen by most of the public as the buying and renovating of houses, stores and buildings in deteriorated urban neighborhoods by wealthier individuals which increases property values and displaces low-income families. If we look at the Oxford English Dictionary’s definition we see it is defined as the process by which an urban area is rendered middle-class (“gentrifi’cation, n”). Gentrification is more than a renovation to an area or neighborhood, it is a controversial topic of…

likely to be unanticipated impacts that negatively effect vulnerable population groups and the issue of housing affordability itself. Affordable housing and social housing is often geographically clustered in areas where there is land for development and/or in neighbourhoods with low socioeconomic status. (11, 23) Due to urbanisation and the increasing population in urban areas, urban housing has become unaffordable to many due to increased interests in the urban property market. Therefore, many…

emergency and the burst of the housing bubble in the United states. It was mainly activated by an extensive decrease in home prices, prompting home loan misconducts and foreclosures and the devaluation of housing-related securities. Decreases in residential investments went before the retreat and were followed by diminishments in family and household spending and afterwards business investments. A housing bubble is an economic bubble that occurs in local or global real estate markets. It is…

Location and Secure Property: The city of Los Angeles, California has two separate approaches regarding the business of sport and sport participation in its city. On one side, Los Angeles is a city engulfed with the reputation of being a city filled with high-profile professional sport teams such as the Los Angeles Lakers, Los Angeles Clippers, and the newly relocated Los Angeles Rams. With the city having such an array of different sport and entertainment venues, this is a great opportunity…

Foreclosure “victims”? People can be victims of fires and floods. I think it is a stretch to call someone a victim of a foreclosure. When people face a crisis, they usually want to be warriors as opposed to victims. They are better served by empowerment as opposed to pity. Boomerang seems like a fun nickname though. I would stick with Boomerang Buyers. It has that double B as well as the root word BOOM. All foreclosures are not the same. Some deals were so bad that nothing would have…

When is the right time to purchase a home? Buying a home is a huge financial decision and moment in your life. It’s the “American Dream” to own a home with a white picket fence but it can also become an American nightmare if you are not prepared. There are three major expenses that go in to buying and maintaining a home. Your on-going costs, closing cost and down payment. Your on-going costs are the the monthly mortgage payments along with the taxes, insurance and maintenance cost of the home.…

Known the crucial need for reasonable rental housing in many communities, Low Income Public Housing is provided, in part, for transitional housing due to income and circumstances. Recently, HUD OIG report noted that more than 25,226 families whose income exceeded HUD’s 2014 eligibility income limits. 17, 000 households exceeded income limits for more than 1 year. (2015-PH-0002). Based on HUD guideline those families met the income eligibility upon their admission into the program. II.…