Housing
in sentence
1603 examples of Housing in a sentence
The Return of Ireland’s
Housing
BubbleZURICH – After having endured the collapse of its
housing
market less than a decade ago, Ireland has lately been experiencing a blistering recovery in prices, which already have risen in Dublin by some 50% from the trough in 2010.
Housing
bubbles are not difficult to spot; on the contrary, they typically make headlines long before they pop.
This may not be a problem in countries with well-developed
housing
markets, where there are plenty of rental properties available from professional landlords.
After all, in such markets, renters can find
housing
with security of tenure at price levels that are predictable, even as they evolve gradually over time according to market conditions, thereby ensuring that landlords have incentives to maintain the properties.
But the construction industry, worried about its profits, has been harshly critical of the rules, as have ordinary people who have been denied credit, and thus must struggle to find suitable
housing
in a small rental market.
In any case, Ireland’s experience with
housing
bubbles carries a deeper lesson – one that virtually everyone has missed.
A
housing
system that can so easily produce such large and damaging bubbles is fundamentally flawed.
While restrictions on lending may be useful, they are not enough to bring about an efficient and stable
housing
system.
But, as Chicago Mayor Rahm Emanuel noted last month, this has been positive for many cities, allowing them to become testing grounds for the future of mobility, work, housing, energy, education, and health.
Neither Greenspan nor his successor, Ben Bernanke, understood how fragile the
housing
market and the financial system had become after a long period of under-regulation.
Two years ago, when shockwaves from the collapse of the US
housing
bubble crashed onto European shores, these political leaders reacted with apparent vigor, making themselves rather popular for a while.
Finding affordable
housing
has become an increasingly serious problem for those relocating to cities for the first time.
Many places around the world have been in a
housing
boom since the late 1990’s.
Most importantly, the ultimate sources of the
housing
boom – the beliefs about capitalism and future economic growth – seem solidly entrenched.
Most people still believe that
housing
is a great long-term investment.
Nor, therefore, is their interest in
housing
as a major speculative investment asset likely to change.
That is how it was with
housing
until the late 1970’s.
But, of course,
housing
prices can only rise so fast.
High and rapidly rising home prices tend to stimulate new
housing
supply, which in turn tends to undermine prices.
All that is required is that growth in
housing
supply eventually outstrips investors’ faith in capitalism to sustain faster growth in demand.
Second, job losses will lead to a more protracted and severe
housing
recession, as joblessness and falling income are key factors in determining delinquencies on mortgages and foreclosure.
Thus, even as mounting job losses undermine consumption,
housing
prices, banks’ balance sheets, support for free trade, and public finances, the room for further policy stimulus is becoming narrower.
A real estate
housing
project developer wanted to cut many acres of trees so he could build houses.
And why does the
housing
market in so many other countries now reflect similar conditions?
Moreover, the extreme weakening and then tightening of credit standards seems particularly prominent only in the US, while the
housing
boom-bust cycle is prevalent throughout much of the world.
The boom in the world’s
housing
markets and stock markets between 2003 and 2006 was caused by this faulty idea, and the idea that investments in homes and equities are a sure route to wealth.
They do not have a corresponding name for the behavior of the
housing
market, because, historically, its prices (correcting for inflation) have not generally gone up very much on average, until the post-2000 bubble.
What many citizens do want now is greater personal and political freedom, and greater control over government, so that scarce goods like
housing
are distributed more fairly.
Instead, excess liquidity and fresh asset bubbles could emerge in the world’s financial and
housing
markets, impeding, if not torpedoing, growth.
Cooperatives have helped to bring information and services to far flung rural communities, empower workers, and expand financial services, healthcare, education, and
housing.
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