The housing sector is a major sector in every country in influencing economic performance. The current trends in the US economy comprise of increased private renting practices especially for the young households, which are relatively mobile…
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Discussion Price instabilities have also been a common feature in the housing sector of the country as caused by such factors as poor government policies and the periodic boom and bust cycles in the economy. The current prevailing housing model therefore suffers over stretching by the need to address the raising instabilities within prices of the house facilities. The model is characterized of adverse shortages, which has passed on the effect even to the social rented housing facilities besides having implications to the private sector of housing market. The private sector therefore suffers shortage and fails to meet the ever-increasing housing needs for the surging population. In fact, according to a report on WSJ by Timiraos, the market of houses has seen a rise in the last years and this is currently witnessed by very high prices today (Timiraos, para 1). Over years, the governments in the international scene have been subjects of discussion in their role in intervening in the housing market with critical analysis of the same revealing different arguments. The supporters of the initiatives of government in policy to intervene in the housing market cite accompanying benefits while the critics question the authority and benefits resultant from such interventions. Concerns raised in the past have cited government’s intervention to lead to undesirable outcomes in the end as compared to the little benefits that are accrued to specific target groups/persons. Governments intervene in the housing market through different mechanisms, which include offering subsidies to the developers, injecting credit facilities into the market to support potential homebuyers to access the required amounts as well as through designing and implementation of government policies to address the issue. Besides the introduction of ‘temporal home purchase’ credit facilities within the economy, the government equally uses policy tools for asymmetric tax treatment of rental houses as well as to owner occupied housing. However, the application of these different policy instruments has accompanying advantages as well as disadvantages in the overall outcome to the economy. Intervention in the US has often focused on lowering or operating the house prices in order to target the majority residents who are potential homeowners but due to financial constraints, they are not in a position. Many questions therefore arise on the implications and strategic necessity to have the government intervene in the housing sector. Questions revolve around the implications of the intervention in that government intervention would alter the free market price balance while on the other hand; intervention would reduce the risk of price crash in the housing market. Recession has the potential to decline the consumer wealth as well as negative equity in the sector (Dougherty, Timiraos and Shah, para 1). Moreover, the intervention by the government has the capacity to reduce the price volatility of houses which if not addressed has the potential to lead to a price crash within the economy. The critics reasons that house price fall have no empirical justification to cause recession within the economy. This therefore refutes the position by the arguments of the supporter of government intervention to reduce the risks of price recession. According to the critics, government intervention would not lead to control of price volatility, which is likely
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Ethical values help one in deciding what is right and what is wrong when one is faced with two options. The very basic ethical principles I adhere to in my life are honesty, integrity, loyalty, accountability, fairness, caring, respect, promise-keeping, and responsible citizenship.
U.S policy on energy Executive summary
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Americans truly understand that the question concerning Afghanistan is not about winning the war but whether it leads to national security. The Obama administration should speed up troop withdrawal and turn over combat to the Afghan Army.
There are ups and downs in the relationship which influences each side to adopt non-conventional approaches to deal with the uneasy and turbulent relation. Though the exact nature of the relationship is not definitely predicted but is clearly evident that both sides do not have complete trust on the other.
U.S. housing price
The financial crisis of the United States happened at the backdrop of the US mortgage housing bubble.
The homeownership drastically declined for the people belonging to the mainstream workforce. A reduction in the incomes of the individuals and an increase in the rate of poverty were noticed in the country.
The debt limit is an aggregate amount that is relevant to gross debt, which incorporates debt in the hand of intra-government, as well as public accounts. Almost 0.5% of United States debt is not covered by this ceiling. Since government expenditures are legalized through a separate law, the debt limit does not openly restrict government debits (Abotalaf, 2011).
The author states that Cuba has been an irritating grain of sand in the eye of USA since half a century. Before the Cuban revolution and the rise of Fidel Castro, United States was very comfortably holding the idea that this little island belonged to them. America’s colonial dreams of invasion were more than once realized by taking hold of this island.
policy is only workable if it does change the immediate policy or the status quo and it must be implementable both theoretically and in practice to achieve its objectives (Brown & Scales, 2012). The United States and its NATO allies must, thus, ensure the intersection of three
Nevada’s status after that time period was transformed to an American territory. Nevada’s constitutional system was framed by delegates belonging to the territory. The failure of one constitutional convention was because of taxes imposed on mines. President
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