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Although major cities around the world face housing shortages, substantial variation exists across countries and across planning systems. [6] Among developed countries, for example, cities in Japan have relatively abundant and affordable housing for their size, which some have attributed to nationalized control of zoning and easy and fast ...
US house price trend (1998–2008) as measured by the Case–Shiller index Ratio of Melbourne median house prices to Australian annual wages, 1965 to 2010. As with all types of economic bubbles, disagreement exists over whether or not a real estate bubble can be identified or predicted, then perhaps prevented.
After the COVID-19 pandemic, some baby boomers whose children have moved away have found it prohibitively expensive to move into smaller homes, a paradox caused by the higher prices of newer homes, tax benefits given to long-time owners, higher interest rates, and low supply of appropriately-sized housing caused by restrictive zoning that ...
The World Bank has broken its promise. Over the past decade, the bank has regularly failed to enforce its rules, with devastating consequences for some of the poorest and most vulnerable people on the planet, an investigation by the International Consortium of Investigative Journalists, The Huffington Post and other media partners has found.
The residents had just minutes to leave the little harbour town on Iceland’s west coast, as fissures rent the streets and houses collapsed. The question now is will they ever see their homes again
Authorities have torched at least a thousand Sengwer homes since the World Bank began financing the conservation project, according to accounts by Sengwer and human rights researchers. They have also jailed dozens of Sengwer for farming without permits and trespassing on lands that their clans have occupied “since time immemorial,” a formal ...
[118] In a 2006 interview in BusinessWeek magazine, Yale economist Robert Shiller said of the impact of speculators on long term valuations, "I worry about a big fall because prices today are being supported by a speculative fever", [119] and former NAR chief economist David Lereah said in 2005 that "[t]here's a speculative element in home ...
For most homebuyers, a luxury home is one with features like a jetted tub, a man cave or she shed, and perhaps an outdoor kitchen. Others look at luxury on an entirely different level. For them,...