A Quote by David Lammy
Too often, the perspectives on housing come from journalists, politicians and property experts, with a focus on the extreme ends of the market. Through the FOURWALLS Film Project, we want to get an accurate picture of the London housing situation through the eyes of the people that live there, and promote discussion around it.
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We can't keep limiting ourselves when it comes to housing. Affordable housing and teacher housing are too crucial to let the failed policies of the past get in the way.
So much value has been lost in the housing market that people are now buying. If there's any activity in the housing market, it's because values have plummeted to such depths that the 47% can now afford to live in a government-purchased house, or something like that.
Although housing sales and starts have cooled to more typical levels, the housing market remains strong and sound. Without the expansion of homeownership and the strength of our housing market, our nation would not have the economic growth we are experiencing today.
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.
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.
Instead of building housing in a wealthy neighborhood and saying, here you go, here's some under the market which will, by the way, drop the market for everyone's housing. Go into the lower income neighborhoods and say, here's a business incentives, so that people can get jobs.
Housing in New York City has become too expensive for many average wage earners, let alone people with marginal incomes, who find themselves displaced to far-flung neighborhoods or to the streets. Racist discrimination in housing, which has been around for decades and follows centuries of slavery, has exacerbated the housing affordability crisis for people of color.
Housing has always been a key to Great Resets. During the Great Depression and New Deal, the federal government created a new system of housing finance to usher in the era of suburbanization. We need an even more radical shift in housing today. Housing has consumed too much of our economic resources and distorted the economy. It has trapped people who are underwater on their mortgages or can't sell their homes. And in doing so has left the labor market unable to flexibly adjust to new economic realities.
The Boston's government approves housing projects every month and we're constantly approving opportunities to build more housing. And Boston is one of the hottest cities in America where people want to live. And it's important that we continue to build this housing and to keep up with the demand that we have in the communities.
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
Public housing is off-limits to you if you have been convicted of a felony. For a minimum of five years, you are deemed ineligible for public housing once you've been branded a felon. Discrimination in private housing market's perfectly legal.
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.
You know, even in the economic downturn in Alberta, there are restaurants in Calgary, and even in Canmore up the mountain, that cannot open for lunch because they cannot find staff. And they cannot find staff because there's nowhere for those people to live. And so safe and decent housing, market housing, subsidized housing, the whole bit, we really, really need to have our heads on straight on this, and we don't yet.
The cost of housing in L.A. has increased dramatically because more people want to live here. They come to Los Angeles every day, not just from around the United States but from around the world.
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.
Public housing projects as well as private landlords are free to deny housing to people with criminal records. In fact, you don't even have to be convicted. You can be denied housing - or your family evicted - just based on an arrest.
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