Housing
in sentence
1603 examples of Housing in a sentence
The Myth of “Superstar Cities”In a much-talked-about recent paper entitled “Superstar Cities,” economists Joseph Gyourko, Christopher Mayer, and Todd Sinai argue that such high-status cities – not only London, Paris, and New York, but also cities like Philadelphia and San Diego – may show an “ever-widening gap in
housing
values” when compared with other cities.
The authors seem to be saying, in effect, that a
housing
boom in these areas can go on forever.
As a well-known skeptic about booming
housing
prices, I have been asked on several recent occasions to participate in debates with one or another of the authors.
Most of the popular attention that the “superstar cities” theory has received merely reflects the psychology of the
housing
boom that we have been seeing, as well as a wishful thinking bias.
A major obstacle to higher consumer spending is the current condition of the
housing
market.
Of course, private investors are generally not interested in projects that don’t generate revenue – such as, say, school libraries, urban “greenways,” or low-income
housing
– despite the importance of those projects for the economy and society.
This might not be seen as particularly 'equitable' by the poor in Third World countries, or even by those in advanced countries who do not enjoy adequate health and education facilities, or housing, or other amenities associated with a civilized society.
We are in the midst of a financial crisis caused by the serious mispricing of all kinds of risks and by the collapse of the
housing
bubble that developed in the first half of this decade.
The
housing
problem is contributing to the financial crisis, which in turn is reducing the supply of credit needed to sustain economic activity.
Many homeowners who can afford to make their mortgage payments will choose to default, move to rental housing, and wait to purchase until house prices have declined further.
The low interest rate helped by making the dollar more competitive, but otherwise monetary policy appears to have lost traction because of the condition of the
housing
sector and the dysfunctional state of the credit markets.
Fourth, increased investment in the country’s social safety net includes not only universal health and social insurance, but also expanded
housing
subsidies.
The tests were supposed to reveal the true conditions of banks saddled with unaudited toxic assets in
housing
loans and financial derivatives.
Unemployment and the
housing
crisis are affecting Americans without regard to their color or origins.
In France, for example, social
housing
organizations have rapidly deployed €320 million of EU money in the last few years to improve energy efficiency in existing
housing
stock.
As we describe in our new book, A Crisis of Beliefs: Investor Psychology and Financial Fragility, the fundamental cause of the crisis was the deflation of the
housing
bubble, starting in early 2007.
As the
housing
bubble burst, both borrowers and bankers suffered.
The banks pushed unsuspecting consumers into risky mortgages, fueling the
housing
bubble in the first place, and then bet on the bubble themselves, knowing that should things turn sour, the government would bail them out.
But the moral hazard view misses the central point: as we document in our book, households, banks, rating agencies, investors, and policymakers all believed in the
housing
market, and all failed to see the risks.
The banks believed what consumers believed as well – that
housing
was a good bet.
It was a belief about
housing
that most market participants embraced.
Our book shows that deflating asset bubbles, particularly in
housing
markets, pose a serious danger to the financial system.
The deflation of the
housing
bubble implied massive losses for banks.
The
housing
boom in the United States might never have reached the proportions that it did if homeowners had been unable to treat interest payments on home loans as a tax deduction.
Recent demonstrations have followed on the heels of the government’s forced relocation of low-income Brazilians from their favelas overlooking Rio de Janeiro into newly built
housing
far away – an effort aimed at preventing the World Cup from being marred by scenes of poverty and unrest.
Incomprehensibly, the world has failed to provide funds for even basic needs like food and housing, let alone for the schools, health care, and training that would persuade refugees to stay closer to home.
They wanted better housing, education, and free health care for all.
Nearly all (95%) of
housing
finance in 2009 had to go through the state agencies Fannie Mae, Freddie Mac, and Ginnie Mae to prevent a complete collapse of the US economy.
The indictment contains four counts: that Greenspan wrongly cheered the growth of non-standard adjustable-rate mortgages, which fueled the
housing
bubble; that he wrongly endorsed Bush’s tax cuts; that he should have reined in the stock market bubble of the 1990’s; and that he should have done the same with the real estate bubble of the 2000’s.
The “felonies” of which Greenspan stands accused are the other two charges: that he should have done more to stop the stock market bubble of the late 1990’s, and that he should have done more to stop the
housing
bubble of the early 2000’s.
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