What causes housing problems?
There are many factors for housing problem, such as population growth, land supply, economy, interest rate, employment opportunity, income level, availability of finance, capacity of the construction industry, government regulations and policies, property taxes and fees, etc.
What is housing problem mean?
The process of monopolization and the strengthening of the influence of bank capital, which operates in the housing economy mainly in the form of mortgage credit, cause high monopolistic prices for apartments.
What are the housing problems in the Philippines?
Informal housing arrangements, substandard structures, congestion, and land use conflicts characterize the urban housing problem in the Philippines. The record suggests that the response of the State, especially its reliance on below-market priced mortgage loans, has aggravated rather than helped solve the situation.
The imbalance between supply and demand is the result of strong economic growth creating hundreds of thousands of new jobs (which increases demand for housing) and the insufficient construction of new housing units to provide enough supply to meet the demand.
Shelter needs are driven by the country's growing population, poverty and prevalence of disasters.
“Current housing backlog is 6.5 million units (and increasing); Low-cost estimate of socialized housing unit is P500k/unit (on cheap land away from employment centers, excluding access roads and external utilities; 36sqm lot and 22sqm floor area), total cost is P3. 25 trillion. “Current budget of housing agencies: P4B.
There are about 4.5 million homeless people in the Philippines of a population of about 106 million, according to the statistics office. About 3 million homeless are in Manila, possibly the most in any city in the world, charities estimate.
VII. Rural houses involve high recurring costs (maintenance) which the poor residents cannot afford. VIII. Rural houses are incapable of providing protection against natural calamities like floods, cyclones, etc.
It is estimated that the housing shortage is currently around 73.6 million units, of which 26.3 million is urban. In addition, over 93 million people live in urban slums without adequate access to clean water, sanitation and security of tenure.
Findings show that most of the housing problems are caused by corruption and mismanagement while some are due to small housing structures, whereas others are due to the poor housing material, and others are caused by poor location of housing projects, with others resulting from lack of involvement of stakeholders and
Following problems need to be highlighted.
Housing plays a critical role in providing stability to poor families. When families lack it, there are terrible consequences. Housing instability can lead to frequent school moves, high rates of absenteeism, and low test scores among children. Housing affects almost everything.