A Quote by Ben Bernanke
Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases.
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I do know that homelessness is related to housing, and we haven't been producing housing in the numbers that our community requires - a lot of the escalating costs of housing is related to the fact that supply is way short than demand.
A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.
I think housing is not a simple commodity because we are so in short supply of land. So the government has a role to play in providing housing - decent housing and affordable housing - for the people of Hong Kong.
Increases in stabilized rents impact rent stabilized tenants directly, but they also affect the affordability of all New Yorkers' rents.
Politically, sometimes you get situations where rent control will go through. It is especially true in an emergency, where there is a sudden, sharp increase in demand for housing or a cut back in supply. People will simply not allow the marketplace to allocate housing resources and so you get pressures for rent control. Once you have it, it is hard to eliminate.
The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.
You want supply to always be full, and you use price to basically either bring more supply on or get more supply off, or get more demand in the system or get some demand out.
One common way of judging whether housing's price is in line with its fundamental value is to consider the ratio of housing prices to rents. This is analogous to the ratio of prices to dividends for stocks.
Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.
I have done a lot of work for affordable housing, rental housing. I understand the rap on me and other liberals is, oh, we push poor people into homeownership. And it's exactly the opposite of the case. We were trying to prevent those kinds of bad loans.
Comforting Wealth comes by good work, by wisdom it increases, cleverness stabilizes it and by patience it is preserved.
In general, it's not too hard to corrupt an American, mostly a matter of supply to their demand. Supply should be variegated to encourage the Illusion of Choice. Other than that they're looking for numbness, so be ready to sedate. Drugs, booze, television, shopping, etc.
One area in which we can be certain mass immigration has an effect is housing. More than one third of all new housing demand in Britain is caused by immigration. And there is evidence that without the demand caused by mass immigration, house prices could be 10% lower over a 20-year period.
I come from the school of thought that says when people have more money in their pocket during economic times, it increases demand or investment. Small businesses begin to grow, and jobs are added.
Mass production is only profitable if its rhythm can be maintained.. that is, if it can continue to sell its product in steady or increasing quantity. The result is that while, under the handicraft or small-unit system of production that was typical a century ago, demand created the supply, today supply must actively seek to create its corresponding demand.
The view of how America speaks is reflected in our laws. And one of the laws is fair housing. It very clearly prohibits discrimination in the sale and rental of housing in America. It's been a sad fact of American life that the practice in many communities has been quite the opposite.
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