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HOUSING AFFORDABILITY AND SOCIAL INJUSTICE

Hu, Sheng-Cheng

Táiwān jīngjì yùcè yǔ zhèngcè, 2015-03, Vol.45 (2), p.23

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Título:
HOUSING AFFORDABILITY AND SOCIAL INJUSTICE
Autor: Hu, Sheng-Cheng
Assuntos: Affordable housing ; Housing prices ; Social conditions & trends ; Studies
É parte de: Táiwān jīngjì yùcè yǔ zhèngcè, 2015-03, Vol.45 (2), p.23
Descrição: Rising housing prices amid stagnant household income have adversely affected housing affordability and become the focus of public outcry. This paper analyzes the structural factors behind the rise of the housing price to income ratio. It then reviews the effectiveness of credit-control, tax and social-housing policies to contain rising housing prices by raising housing holding cost and lowering speculative gains. We find that any solution to housing-price containment must take into account the current some 850 thousand vacant houses, and the possible changes in the level and composition of housing demand arising from the rapid aging of the population.
Editor: Taipei: Institute of Economics, Academia Sinica
Idioma: Chinês

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