Housing Market In The 2000s

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The development of the housing market was the activator of the modern city. Before the 2000s, housing market had insignificant impacts on urban social space, while its high correlation with the employment area was still an important feature of the distribution of residential areas. In the 2000s, with the overall promotion of the housing market, the differentiation of residential areas in the city center was more dependent on social class and income level. During the same period, in the first half of the 2000s, state-owned units were not fully marketed yet, and these units usually provided workers with the welfare of residential houses through subsidies or collective purchases. Therefore, the concentrated distribution of state-owned workers’…show more content…
This paper used factor analysis and grouping analysis to extract the principal social factors and cluster the social landscape. The results indicated that the urban social dimensions in China’s second-tier city Wuhan diversified since 1990, especially during the 2000s. The social factors transformation disclosed that the urbanized labor force transformed from high school educated to highly educated population, with the relocation of the secondary industry employment from central city to the urban fringe, and the development of the tertiary industry in the urban center. Household size decreased significantly from big (three generations and above) to small (two generation and one), with the elderly rate increased outstandingly. The incoming population’s contribution to the urban socio-economic landscape was enlarged significantly, with the increase of the absolute amount of the incoming population. The different sizes of the residential space for families was represented by more factors in 2010, compared with that in…show more content…
In detail, family plan policy impacted population structure and family types in the long run, which took place both in the second- and the first- tier cities. Floating population management policy, even though by now, has far-reaching influences on the spatial distribution of urban incoming population. Accompanied with the relaxation of Hukou system, floating population increased outstandingly, with the increasing residential segregation between urban center and urban fringe. Another factor is higher education enrollment expansion policy, which to a big degree, increased the highly educated population proportion in urban area. Planning oriented urban social spatial structure in a long-term perspective. Rapid transportation system and industrial development zoning guided the transformation of the urban social spatial structure, accompanied by the increasing demand of the commute between job and residence. The planning further increased the residential segregation. Besides the policy and planning, real estate marketization impacted the urban social landscape from the marketing aspect. Real estate marketization, in one hand, improved residents’ living space condition; but in the other hand, it generated more residential segregation based on population’s affordability. For example, floating population mainly chose to rent a house with low cost, thus the residential locations of the floating population

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