Anything Essay Example | Topics and Well Written Essays - 500 words - 8

Anything - Essay Example In order for one to get good housing the amount of money he is paid becomes a factor. This essay will examine the trends in house inequalities and the financial position of an individual in details. The constant gap in house ownership rates between whites and black has continued to increase though barriers in homeownership for the minority groups were lifted long time ago. The current housing policy now targets minority homeownership with the specific intention of closing the gap in house ownership among different groups. The informal development of urban land which was traditionally perceived as an important way through which the poorest residents of the urban centers got shelter. This has changed since increasingly middle, and high-income households are buying land informally for housing. It is clear that those workers who are able to learn new working skills especially in technology will benefit from higher salaries. But on the other hand those who are used to carrying out routine jobs which can be handled by computers and robots will be competing with few jobs or will be pushed into low-skill jobs and hence it will be difficult for them to afford buying better houses (Tally 22). Opportunities for middle-income households to purchase a house on the formal market are limited. Those who come from the families with low income struggle to construct low-cost housing though this is hindered by fluctuations in the price and availability of raw materials which increases construction time and expenses and can stretch the budgets of the developer beyond the monetary capability of the scheme. High monthly costs in both the rental and ownership markets compared to low land prices has encouraged middle-income households to seek shelter through informal channels. Growing demand for informal land has thus placed pressure on supply, resulting in rising land prices, effectively reducing accessibility by