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Commercial Impacts Of Washington DC Affordable Housing

By Debra Russell


According to research done by psychologists, a person who wants to achieve self-actualization should start by meeting his or her basic needs. Cover is one of the requirements that a person should fulfill. The Washington DC affordable housing was developed to assist the client in finding their dream homes at a cheaper cost. Few people can afford decent households while the majority use most of their money paying for the accommodation.

When calculating the measure of affordability, a client should look at the percentage of income that they spend on shelter. There are various causes of increment in the prices of buildings. This is associated with a variety of factors such as population growth, strong desire to own a home by individuals, and shift in economic policies. The increased cost of housing can lead to poverty.

Education can influence the future of a client. This is one of the main reason for the increasing gap between the rich and the poor in society. Housing has adverse effects on the health of a person. Individuals who live in crowded areas are more likely to get infected with diseases such as cholera since it is challenging to maintain good hygiene in these centers.

After an increase in price, it results in homelessness as many individuals are not able to afford. The gap between demand and supply as continued to increase due to a great need by young adults to live alone increased life expectancy and migration. Lack of second households can result in rising cost of living. For example, an increase in the demand for transport system as clients will be traveling to remote places where they can get cheap houses.

Currently, the cost of accommodation as increased. This is linked to population increase, rural-urban migration, and the need for the younger generation to stay alone. Other sectors that are affected by house include the transport industry. This has led to the establishment of transit section as people have opted to travel to work form the rural areas to the urban places where they work.

Banks are required to reduce the interest rates of loans taken for construction purposes. This has led to various investors being able to build houses. This ensures that the demand for homes is reduced as many people can get a space. Different sectors and non-government organization have constructed households to be used by the vulnerable populations like the widows and people with disability.

Those individuals who are working can be given a mortgage with no interest rates. Sometimes the governments pay real estate owners some amount of money. For example, they can pay for half the cost of the house. In return, the landlords are required to reduce the value of the guard, thus creating a suitable environment for people from the lower class and lower middle class to be able to afford homes.

Proper homes often lead to improved health, good education, the decline in the number of homeless people, and enhanced cost of living. When investors from other countries opt to invest in these areas with minimal housing, they are taken through a few requirements. This will ensure that those living in an area can get employment, and at the same time, they can access affordable institutions.




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