BACHELOR OF BUSINESS ADMINISTRATION WITH HONOURS (ECONOMY) FACULTY OF BUSINESS MANAGEMENT UNIVERSITI TEKNOLOGI MARA 3rd DRAFT FACTORS AFFECTING MALAYSIAN HOUSE PRICE INDEX. DATE: 24 / 10 / 2014 SHAZLIANA BINTI NUAR PARAS KHAN 2011129851 BM2306A CHAPTER 1 1.0 INTRODUCTION First chapter will discuss the background of the study. Next, in this chapter also includes a problem statement, research objectives, research questions, significance, scope and limitations of the study. Definition of terms is also included in this section for more understanding and since it will make investigation run smoothly. 1.1 Background of Study. House prices play an important role in welfare of the populations. In most countries in the world, housing is generally …show more content…
It is used to indicate trends in house prices, as well as an analytical tool to estimate changes to housing affordability and foreclosure rates. According to Eloisa (2000), the data of house price index data usually is used by public and policymakers in order to monitor house price developments closely. 2) Gross Domestic Product (GDP) Growth Rate. GDP can be determined in three ways, all of which should give the same result. They are the production approach, the income approach, or the expenditure approach. In this research, the way of estimating GDP is by using the second approach- income approach. In this approach, an economist believes that the money each family brings home is a better way to evaluate the economic strength of the country. Therefore, this method will measure the annual incomes of all individuals in a country. GDP calculated in this way is sometimes called as gross domestic incomes (GDI). However, by using this method, there are few adjustments must be made to arrive the GDP. According to Money Crashes website, indirect taxes must minus tax subsidies to arrive at market prices. Then, depreciation of asset must be added to get the GDP
There is as well Real GDP and Nominal GDP. Nominal GDP is based on prices and has not been adjusted. Real GDP is the price level adjusted. Figuring out the real GDP can be by dividing nominal over the price index.
The GDP is manly used to measure the greatness of the economy. It tells the total dollar value of all goods and services produced over a specific time period. GDP is calculated by either the income approach or by the expenditure method. The income approach is calculated by adding up the total compensation to employees, gross profits for firms, and taxes, less any grant.
In cities like Toronto and Vancouver, affordable housing available is decreasing and going up in cost. Because it is a city, many workplaces and other commodities are nearby, thus increasing the demand for housing there. Due to the increased demand, there are fewer low-cost houses available and the ones that are available get increased to a higher price than its worth. A solution to the increase in demand would be building more apartment buildings in or nearby popular cities to combat the rising costs that happen as people move closer to the city. Doing this can lead to more mixed-income communities as there will be people who have a lot of money sharing a neighbourhood with people who are middle or lower-class.
Have you ever had to choose between eating or having a roof over your head? If you answered no, you are one of the fortunate ones who most likely fall somewhere between middle class to upper class. Those who answered yes are a part of the millions of Americans who are currently facing a fairly new problem that has a light upon it – the lack of affordable housing. In Matthew Desmond’s book Evicted, he writes about numerous eviction stories of families or individuals for several different reasons.
The homestead exemption, is a tax relief plan which allows you to save on property taxes by allowing you to exclude a portion of your home’s value from the assessment. However, the homestead exemption only applies to a principal residence. In other words, the homestead exemption applies to a home owner who physically occupies their home. In addition, the homestead exemption request that only the home owner in who’s primarily responsible for the home is the only individual who can file the claim. Additionally, any one that is older than sixty-five and/or is disabled automatically qualify for the homestead exemption.
Generally, there are not enough houses being built to meet the needs of Ireland’s growing population and economy. This is a particular problem when it comes to social and affordable housing as neither the Government nor industry can deliver these types of homes in the current
The National Association of Home Builders estimates that building 100 new affordable housing for households which have low income, contributes to the creation of 80 jobs from the direct and collateral effects of construction and 42 jobs supported by the induced effects of the spending (Wardrip, Williams & Hague, 2011). By building affordable housing, people can be in a sizeable and sustainable condition, more opportunities to increase the character of life in order to avoid the unemployment, and especially reduce
The dramatic housing price started in the last 1990`s in many countries like London and United Kingdom. 80,000 children are living in temporary accommodation. We can say that London housing is in a state of crisis never because they are struggling to deliver enough homes for the current population. United Kingdom has
Methods: Information sources Both primary and secondary data were used in order to gather information for using in research paper in parts such as context and results. These materials were used to answer research questions in aims. Secondary research: Many information was electronically read in different sites. The available materials such as newspapers, journals, electronic information, news and magazines were reviewed and used. Primary research: There were applied a raw data.
The literature review gives justified information for the need of conducting the research. Apart from the introduction, there is no other information concerning the research title that could offer detailed information (Chaliha et a., 2001). Despite giving the justified information in the introduction section the paper should have had the literature review section, thus it did not follow the due steps and format of a research paper. The methodology part follows after the introduction and it discloses the methods used, the design, the people included in the study and how the data was sampled and examined. However, the reasons for choosing the design in the research were not
When going through these processes it is best to make a long-term decision. The long process of buying a house will affect me in many ways concerning my future. When I get older, I will have to apply these smart facts in order to get the right house for me. I will have to know how the government works with setting loans and property taxes.
Low income housing: Low income housing is a struggle for families who want to live a better lifestyle. There’s needs and wants and when you have low income you don’t have time/or enough money to get the want’s you have to worry if you have enough for monthly rent cause if you but something out of order and you don 't have enough for rent you getting evicted. Just like that so sometimes you gotta be mindful of what you want cause people who have low income paying jobs can’t get the things they want. You also want to be on the lookout for your living conditions because you don’t wanna live in a house where it’s infested with roaches or rodents making your house dirty with bacteria and diseases (Castillo). Another thing is that people who tend
The production of housing is has been influenced largely by policies, innovation and the ability to sustain the environment. Housing encompasses all social services and utilities that make life meaningful and the environment habitable. The problems that affect readily housing delivery in Nigeria are enormous and very complex. These problems in most of our urban cities in Nigeria encompasses the availability of housing units both in quality and the number available which in turn has resulted into congested homes and community and the resultant of this is thievery increasing pressure on the infrastructural facilities which will rapidly
Economic growth and economic development In measuring and identifying the factors that stimulate the growth of the economy of a nation such as the Republic of India, a distinction needs to be made between economic growth and economic development. For a nation to experience economic growth, there must be an increase in the gross domestic product (GDP), which is a qualitative measure of the value of all finished goods and services produced in that country within a period of time. However, economic development which is usually measured through the human development index (HDI), includes not only an increase in the output of goods and services, but an improvement in the welfare of individuals within a country.
Secondly, a methodology that describes the collection of data included together with highlights of limitations and thirdly key findings analysed and interpreted followed by some useful recommendations. Finally some future directions for research have been