Sentences with phrase «of unaffordable housing»
That is perhaps not surprising, in these dark days of unaffordable housing.
https://www.newlawjournal.co.uk/ Not exact matches
Vancouver is the world's third-most unaffordable city, after Hong Kong and Sydney, respectively; and Toronto is now the 13th most unaffordable, behind a group of usual suspects such as Auckland (fourth), San Francisco (ninth), and London (12th), according to the latest Demographia International Housing Affordability Survey.
In tandem, if wages do not rise at the rate of house - price growth, then buying a property becomes more and more unaffordable.
The flip side of all those big property value gains is unaffordable housing and overly indebted families.
In San Francisco, one of the most unaffordable housing markets in the country, homes valued at $ 1 million or more now make up two - thirds of the housing market — triple the share in 2012.
Unaffordable housing is largely a political problem — we haven't developed the societal consensus to build enough of it.
The US Department of Housing and Urban Development defines a property as unaffordable if more than 30 per cent of a household's income is required to afford housing - relatedHousing and Urban Development defines a property as unaffordable if more than 30 per cent of a household's income is required to afford housing - relatedhousing - related costs.
Unaffordable housing is often a sign of strong investment demand from abroad, tight zoning and rental market regulations.
Many of the homeless work regular jobs, in some cases serving the very people whose sky - high net worth is the reason housing has become unaffordable for so many.
«Whether it is unaffordable housing, cuts to school classrooms, leaving seniors to suffer in understaffed care homes, long waits for basic healthcare, the lack of family doctors, or hallway medicine — ordinary individuals and families have paid the price for Christy Clark's tax cuts to the rich,» said Horgan.
Many people in their fifties, who are looking to remortgage their house, are also discovering that due to the age cap, they will have to make much higher repayments over a shorter period of time, which could make the mortgage repayments unaffordable.»
The foreign buyers» tax was one of 16 measures by the Liberal government aimed at slowing increasingly unaffordable housing in the region.
In this episode we talk about who's moving to Victoria, whether or not foreigners are to blame for unaffordable housing and some of the racism and challenges Tony has faced as a Chinese Realtor in British Columbia.
When a city grows rich, its wealth tends to outpace its housing supply, forcing prices higher and making vast swaths of the city unaffordable for middle - class families.
Under such conditions, housing markets become unaffordable to an increasing number of residents.
Unaffordable housing causes tons of problem, and lowers the standard of living in many ways, for example: several children sharing small bedrooms, not being able to move to get a better job, or simply get a job at all, or study, losing hours in transportation everyday, etc..
Faced with an unaffordable housing market, forced to live in squalor, with tax break cuts and benefits slashed and inequality rates rising, it's no small wonder that some chose to channel their frustrations in violent or otherwise extremist ways in a pursuit of meaning.
L+M runs a housing preservation fund with the stated mission «to acquire and rehabilitate properties at risk of becoming unaffordable to low - to - moderate - income households.»
He claimed that the new affordable housing wouldn't bring the anticipated reprieve to the neighborhood's housing demand, but would be unaffordable for 55 percent of East New York's current residents.
In a statement released Tuesday, Stringer claimed that the new affordable housing units created under the rezoning plan would in fact be unaffordable for 55 percent of East New York's current residents, and that the market rate units would be unaffordable for 84 percent.
London Councils, which represents local authorities in the capital, warned the committee: «It will be increasingly unviable for households to avoid the cap by moving to lower value areas (including areas outside of London) given that housing costs will be more widely unaffordable.»
Housing associations are forced to charge an unaffordable 80 % of market rent making them no longer «social» landlords, only for middle - earners.
«Rent stabilized housing remains unaffordable for a majority of tenants living in those units.»
The ad shows Chris Wallace of Fox News telling House Speaker Paul Ryan: «Your plan makes it unaffordable for people.»
He insists an ambitious programme of reform can win over ordinary voters, saying: «The real middle Britain — of insecure self - employment, rip - off private pensions, unaffordable housing, mounting tuition fee debt and crisis - ridden social care — is crying out for a Labour government committed to fundamental reform.»
The cost of corruption includes unaffordable housing & a Republican Senate in an overwhelming Democratic state, the Sheldon Silver legacy.
Attendance suffers when families are struggling to keep up with the routine of school despite the lack of reliable transportation, working long hours in poorly paid jobs with little flexibility, unstable and unaffordable housing, inadequate health care and escalating community violence.
The House version also taxes tuition waivers — which allow many graduate students to attend school tuition - free — as income, raising the ire of students who said such a levy would make their education unaffordable.
The eldest, Faruk, a dissipated historian, wallows in alcohol as he laments his inability to tell the story of the past from the kaleidoscopic pieces he finds in the local archive; his sensitive leftist sister, Nilgün, has yet to discover the real - life consequences of highminded politics; and Metin, a high school nerd, tries to keep up with the lifestyle of his spoiled society schoolmates while he fantasizes about going to America - an unaffordable dream unless he can persuade his grandmother to tear down her house.
Not surprisingly, developing countries — like South Africa, where Random House Struik launched an e-book-only imprint this summer — are well behind Europe, as e-readers remain unaffordable for the majority of the population.
More than a third (38 %) of Canadian homeowners felt that housing in their area is unaffordable with the most pessimistic outlook coming from those living in British Columbia.
There's been a lot of talk as of late about how unaffordable housing is in Canada's two hottest markets: Toronto and Vancouver.
And how sensible can it be to lend to somebody who's proved incapable of honouring a liability / financial contract, or is clearly buying a house that's unaffordable?
Vancouver is the world's third-most unaffordable city, after Hong Kong and Sydney, respectively; and Toronto is now the 13th most unaffordable, behind a group of usual suspects such as Auckland (fourth), San Francisco (ninth), and London (12th), according to the latest Demographia International Housing Affordability Survey.
Though there is a segment of the population which was reckless in buying unaffordable homes, flipping houses, etc, as you can see many more individuals / familes are in situations where circumstances have changed and they need to extricate themselves from their current homes.
The slow growth however, is good long - term as it allows potential buyers to establish down payments, build credit, and take advantage of various financing options without housing becoming too unaffordable.
Housing costs in many cities are unaffordable but the great proportion of the cities are locked into single - family zoning and building anything but a detached house seems almost impossible.
This made housing unaffordable for all the poor folk who the Democrats wanted to help via their silly housing Ponzi scheme of mortgage buy downs.
One school is building 140 - square - foot micro-housing units for students in Vancouver, Canada, which is ranked as having one of the most unaffordable housing markets in the world.
For many, the economic crisis and the housing bubble lowered the value of their home and made their mortgage payments unaffordable.
Townhomes, residential single family dwelling, and unaffordable housing are lacking the support of statutory regulations that protect the consumer rather than the builder.
In 14 large US metros, rent takes up more than 30 % of the median income, widely considered the standard for unaffordable housing costs.
In a very perverse way, prison is a form of secure, affordable housing for many prisoners who have had insecure, unsuitable or unaffordable housing prior to their incarceration.
Cassandra Goldie, head of ACOSS, said low incomes, workforce casualisation, erosion of social security and unaffordable housing were stretching Australians to their limit, with some three million people now living in poverty.
The slow growth however, is good long - term as it allows potential buyers to establish down payments, build credit, and take advantage of various financing options without housing becoming too unaffordable.
Housing affordability for teachers is in particularly dire straits in the Golden State, where 83 percent of homes in California are unaffordable on a teacher's salary, according to Redfin.
«Right now, more than 19 million older adults live in unaffordable or inadequate housing, and that problem will only grow worse in the next two decades as our population ages,» says Lisa Marsh Ryerson, president of AARP Foundation, which provided funding for the report.
Although the rate of increase has been more muted in recent years, homebuyers are disgruntled about how unaffordable houses are.
The government has been actively supporting the growth of the multifamily market via the release of lease - only residential land plots in leading cities where house prices are becoming unaffordable for the younger generations as well as other policies to better regulate and increase transparency.
The Los Angeles housing market is one of the most unaffordable in the country, when you consider the median home price in relation to the median household income in the area.