economics growth
Government should provide more affordable housing
Wei Guo
#0233240
In contemporary society, the average income growth rapidly in China, but people’s lives is still puzzled by a vast number of issues. For example, housing problem is one of the most serious problems which affect all over the world, especially in China. However, average income for people growth rapidly, there is still a vast number of people do not have abilities to buy a house. Therefore, we should figure out how we can tackle the task at hand right now. Should government provide affordable housing for people or not, it is tough question, because someone will agree with that government should provide affordable housing, but there is still a great amount of people will against that. In my report I will give a brief conclusion which one is better. Firstly, we should understand what is affordable housing? It is government provides money to real estate developers to build construction, and finally sell to low-income families as a relatively low price. Affordable housing is usually considered affordable if it costs less than 30 percent of gross household income. (Housing NSW, 2014). As we know that China has a large amount of population in all over the world, therefore, housing problem is one of the most tough issue affect people’s living standard. Every year approximate millions of migrants moving into cities, it means the number of housing which government provided should increase every year. Huang Youqin (2013) founded that “since 2011, more than half of China's 1.3 billion populations are living in cities. Another 300-400 million are expected to be added to China's cities in the next 15-20 years.” Those figures provide that more and more people want to living in cities rather than village. Therefore, it will cause the lack of house and also cause the price of housing increased. As a result, a large group of low-income families cannot afford a house, especially in some big cities, such as Beijing,
Wei Guo
#0233240
In contemporary society, the average income growth rapidly in China, but people’s lives is still puzzled by a vast number of issues. For example, housing problem is one of the most serious problems which affect all over the world, especially in China. However, average income for people growth rapidly, there is still a vast number of people do not have abilities to buy a house. Therefore, we should figure out how we can tackle the task at hand right now. Should government provide affordable housing for people or not, it is tough question, because someone will agree with that government should provide affordable housing, but there is still a great amount of people will against that. In my report I will give a brief conclusion which one is better. Firstly, we should understand what is affordable housing? It is government provides money to real estate developers to build construction, and finally sell to low-income families as a relatively low price. Affordable housing is usually considered affordable if it costs less than 30 percent of gross household income. (Housing NSW, 2014). As we know that China has a large amount of population in all over the world, therefore, housing problem is one of the most tough issue affect people’s living standard. Every year approximate millions of migrants moving into cities, it means the number of housing which government provided should increase every year. Huang Youqin (2013) founded that “since 2011, more than half of China's 1.3 billion populations are living in cities. Another 300-400 million are expected to be added to China's cities in the next 15-20 years.” Those figures provide that more and more people want to living in cities rather than village. Therefore, it will cause the lack of house and also cause the price of housing increased. As a result, a large group of low-income families cannot afford a house, especially in some big cities, such as Beijing,