Week 2 Discussion: I need help understanding the following question:
Consider the place where you live (city, town, county, state etc.) and think about local housing market, what can we say about Demand and Supply for housing as related to a geographic area? How would we tie this into current economic conditions? Hint: Consider factors (e.g more green jobs, tourism, etc) that contribute to stable/rising housing market and factors (e.g. disaster prone areas, pollution, etc.) that lead to the opposite. You can all use T-I-P-E-N and P-R-E-S-T to explain why housing prices vary from one city to another.
Solution
One could drive until the household qualifies for a mortgage. The willingness to migrate for affordable housing considerably expands the geography of supply. The result is sprawl. Sprawl bad. The push for greater density is normative, a geographic fetish. Expanding the geography of supply is not OK. Suddenly, the real estate market doesn\'t look so agnostic. Regardless, sprawl is one way a region can deal with a problem of housing affordability. Migration is a lot nimbler than changes to zoning and casting bedroom eyes at real estate developers.
I would hope that all readers appreciate that geographic scale impacts the supply of housing. The point of greater density is to make a hot residential neighborhood affordable, not an entire metro area. Proponents of greater density promote the geographic distortion of housing supply, not a less regulated real estate market. The dense mixed-use urban utopia of walkability is this generation\'s suburban idyll.
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Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Week 2 Discussion- I need help understanding the following question- C.docx
1. Week 2 Discussion: I need help understanding the following question:
Consider the place where you live (city, town, county, state etc.) and think about local
housing market, what can we say about Demand and Supply for housing as related to a
geographic area? How would we tie this into current economic conditions? Hint: Consider
factors (e.g more green jobs, tourism, etc) that contribute to stable/rising housing market
and factors (e.g. disaster prone areas, pollution, etc.) that lead to the opposite. You can all
use T-I-P-E-N and P-R-E-S-T to explain why housing prices vary from one city to another.
Solution
One could drive until the household qualifies for a mortgage. The willingness to migrate for
affordable housing considerably expands the geography of supply. The result is sprawl. Sprawl
bad. The push for greater density is normative, a geographic fetish. Expanding the geography of
supply is not OK. Suddenly, the real estate market doesn't look so agnostic. Regardless, sprawl
is one way a region can deal with a problem of housing affordability. Migration is a lot nimbler
than changes to zoning and casting bedroom eyes at real estate developers.
I would hope that all readers appreciate that geographic scale impacts the supply of housing. The
point of greater density is to make a hot residential neighborhood affordable, not an entire metro
area. Proponents of greater density promote the geographic distortion of housing supply, not a
less regulated real estate market. The dense mixed-use urban utopia of walkability is this
generation's suburban idyll.
