Chartered Institute of Housing Level 2 Certificate in Housing Practice (QCF) Unit 2M1 – Housing Provision and Housing Organisations Assignment task 1 Tenure is classed as ‘The legal relationship between the resident and the home they inhabit’. There are two different forms of tenure‚ the first being Owner Occupation and the second being Renting. Owner Occupation The largest type of tenure within the UK is Owner Occupation‚ this is where the tenant actually owns the home they live in‚ either
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Price elasticity of housing demand in the long term. Home construction process is time consuming‚ therefore houses are not changeable in the short run. It takes plenty of time to build new buildings‚ and existing buildings are very costly to demolish‚ therefore‚ price elasticity of demand is measured at long term. For most households‚ a house is the largest single asset as well‚ housing is regarded as a necessity that is critical to for people to meet enduring basic needs. The price elasticity
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The term housing policy denotes the actions undertaken within the housing field through government intervention; to achieve housing objectives. As housing has become a pivotal issue today‚ these actions comprise of both the improvement of the ‘quality of the housing stock of dwellings and dealing with homelessness’ (David Clapham: 2009). Through recent research‚ we are exposed to increase approaches of intervention within the housing field to achieve economic objectives. As an analyst‚ tackling these
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The collapse of Bear Stearns: Five years on David Thomas 19 Mar 2013 This week five years ago‚ JP Morgan announced it would buy Wall Street rival Bear Stearns in a deal worth $2 a share – this ultimately rose to $10. Here‚ Financial News looks at the events in the run-up to the fall of the 85-year old independent investment bank. Financial News compiled the timeline from press releases‚ contemporary media reports and William D Cohan’s account of the collapse of the bank‚ ‘House of Cards’. May
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NATIONAL HOUSING POLICY MINISTRY OF LOCAL GOVERNMENT AND HOUSING LUSAKA‚ JANUARY 1996 FOREWORD Since independence in 1964‚ several attempts have been made to draw up a comprehensive Housing Policy but‚ until now‚ no such policy has ever been formulated. The housing policy I am presenting to the nation provides a comprehensive assessment of the housing situation in the country. It also provides a vision for the development of adequate affordable housing for all ’income groups in the
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Introduction: The Collapse of Icesave In 2006‚ Landsbanki – one of Iceland’s three major banks – officially announced the launch of a new project: Icesave. Icesave‚ a new brand to be operated by Landsbanki‚ was designed to offer online savings accounts with low commitment‚ ease of access‚ and high interest rates in both the United Kingdom and the Netherlands (Landsbanki Annual Report 2007). In the UK‚ the interest rates were higher than 6%10; in the Netherlands‚ 5.25%11. As more evidence of the
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Bursting of the housing bubble led to the financial crisis started in 2006. To change these negative occurrence governments needed to have a proven monetary solution to mitigate the negative consequences and finally overcome this crisis. To achieve it‚ this is essential that the central bank and other interaction groups control the monetary base. First of all it is important to make sure that increases or decrease in the money supply which includes checkable deposits‚ M2—M1 plus time deposits and
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The Collapse of Authority Authoritative regimes are built on the foundations of power and control. This essay will discuss why authoritative regimes collapse based on their ideals and how the Apartheid regime managed to maintained power through the misuse of legislature. In an authoritative regime individuals exercise power over the state and able to so without being held constitutionally liable to the public (Gandhi & Przeworski‚ 2007: 1279). Thus‚ the leaders in an authoritarian regime have
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as a major corporation‚ but also ultimately may have contributed to its collapse. The company successfully seized the opportunity created by deregulation to create a new business as a market maker in natural gas and other commodities. Enron successfully influenced policymakers to exempt the company from various regulatory rules‚ for example in the field of energy derivatives. This allowed Enron to enter various trading markets with virtually no government oversight. Arguably‚ regulation might have
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Running head: The Department of Housing 1 The Department of Housing and Urban Development Bethany L Schultz Central Michigan University The History and Mission of the Department of Housing and Urban Development The Housing Act of 1937‚ also known as the Wagner-Seagull Act. The Act provides subsidies paid from the U.S. government to local public housing agencies. The purpose is to improve living conditions for low income families (The Housing Act of 1937‚ 2011). According to writes
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