By Sarah Monk, Christine Whitehead
The circulate clear of conventional rented methods to assembly the housing wishes of these on modest earning has taken on new momentum within the most recent monetary cycle.в‚¬. This publication solutions a number of the questions round reasonable housing and occasional fee domestic possession, and no matter if those intermediate tenures have the aptitude to play an extended time period position in attaining sustainable housing markets. The editors make clear the rules on which the advance of reasonable housing and intermediate tenures has been dependent; examine the coverage tools used to enforce those principles; and make a preliminar. learn more... Making Housing more cost-effective; Contents; individuals; Foreword; Acknowledgements; thesaurus; 1 advent; part A: what's INTERMEDIATE HOUSING?; part B: MEASURING the matter; part C: SECURING INTERMEDIATE HOUSING; part D: WHO advantages FROM INTERMEDIATE HOUSING?; part E: INTERMEDIATE HOUSING AND THE economic system; Appendix 1 the goods; Appendix 2 Definitions of intermediate housing to be used in negotiating making plans responsibilities; References; Index
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Extra resources for Making Housing more Affordable: The role of intermediate tenures (Real Estate Issues)
Similar issues arise with respect to the third possibility – inadequate consumer demand. Consumers inherently have little experience of these tenures and thus have limited exposure to the combination costs of market failures. As a result they cannot make well-informed choices. Yet the benefits discussed above suggest that there may be strong reasons for individual households to aspire to owner-occupation as well as more fundamental reasons why they may want different mixes of attributes. This is a classic situation in which government intervention to develop new markets is seen to be desirable.
2. Market failures in relation to intermediate tenures make them too costly to provide. 3. Inadequate consumer demand means that it is not worthwhile for the market to offer. 28 Making housing more affordable: the role of intermediate tenures First, government policies and legal frameworks favour traditional tenures and exclude many intermediate options. In particular, contractual possibilities with respect to security of tenure are highly restricted; both owneroccupation and social renting are favoured by taxation and subsidy policy; leasehold arrangements can be complex in the intermediate tenures that currently exist; and financial regulation makes it difficult to develop appropriate instruments to fund intermediate products.
Is it enough to say ‘we know it when we see it’? Clearly not, since policy definitions, at least, have changed and, in any case, such a definition does not provide a reasonable basis for analysis. This chapter therefore looks more analytically at what is meant by intermediate housing. This allows us to ask questions about the reasons why such housing should be provided: whether it needs government intervention and Making Housing More Affordable: The Role of Intermediate Tenures, edited by Sarah Monk and Christine Whitehead © 2010 Blackwell Publishing Ltd.
Making Housing more Affordable: The role of intermediate tenures (Real Estate Issues) by Sarah Monk, Christine Whitehead