Major Trends in Housing - Essay Example

In addition to tax reimbursement and inflation, security is associated with owning possessions. House ownership grants one access to opportunities for families such as neighborhoods with good schools, jobs, and public services. For one to get good housing, the amount of money he is paid becomes a factor.

There is a large gap in house ownership between different people which has continued to increase through barriers in homeownership for the minority groups were lifted a 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 casual expansion of urban land was traditionally professed as a significant way through which the poorest inhabitants of the urban centers got shelter. This has changed since most middle, and high-income households tend to buy land casually for housing. Those workers who can 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 to buy better houses (Tally, 22).

It is difficult for middle-income people to purchase a house in the formal market. This is due to their low income. This in turn forces them to construct low-cost structures as their homes and expenses and can increase the budgets of the developer beyond the monetary capability of the scheme. The cost of land, on the other hand, has increased greatly hence this leads to an increase in the housing gap. Those people who earn a larger amount of money possess the ability to construct several houses, which they in turn rent to the low-income earners at high costs.

In most parts of the country, it is evident that the size of the land that is held by different households can be associated with the proceeds of the family unit. Higher-income families occupy bigger plots than their lower-income neighbors. Technology on the other hand plays an important role in increasing inequality since those with technology skills are paid better than those without those skills. It has been generally been recognized it is the rentiers who are grabbing a larger share of land. Housing has become the biggest source of rising inequality. Policymakers should, on the other hand, try to reduce the planning restrictions which by inhibiting new construction permit homeowners to receive such large profits on assets.