Housing Market Social problems are issues that affect people as individuals, or society as a whole. One of the most dangerous social problems is the housing market because it can cause other problems and can make the economy of the country fall. Lakeland's housing market is influenced by its location between Tampa and Orlando, near major highways and attractions like Disney World. “Polk County is also conveniently located, as it's equidistant from both Orlando and Tampa, which are constantly ranking in top spots on national "best" lists” (Norman). The recent rise in housing prices is due to many people from other states moving in for a more affordable lifestyle. This change is not only happening in Lakeland, but is part of a bigger shift in …show more content…
According to recent data, the average home price in Lakeland has been steadily rising over the past few years. In 2020, the average home price was around $230,000. However, as of now, in 2024, the average home price has increased to approximately $280,000. This increase in home prices can be attributed to various factors. One factor is the growing demand for housing in the area. Lakeland has been experiencing population growth, with more people moving to the city for its affordable cost of living and pleasant climate. This increased demand for housing has put upward pressure on prices. Additionally, the cost of building materials has also played a role in the rising prices. Inflation in the construction sector has led to higher prices for materials such as lumber, steel, and concrete. These increased costs are passed on to homebuyers, contributing to the overall rise in home prices. It's worth noting that inflation can also affect the affordability of housing. As prices rise, it may become more challenging for some individuals and families to purchase a home. This can lead to a higher demand for rental properties, which, in turn, can drive up rental prices. The housing market in Lakeland, Florida has seen an increase in home prices due to factors such as population growth and inflation in the construction industry. These rising prices may impact the affordability of housing in the …show more content…
There is the Lakeland Housing Authority, and their mission is to provide safe, affordable housing options to those in need in the Lakeland community. They primarily serve low-income individuals and families who require assistance with housing. The organization receives funding from various sources, including federal grants, state programs, and local contributions. People interested in volunteering with the Lakeland Housing Authority can often find opportunities through local community service programs, and nonprofit organizations, or by directly contacting the authority to inquire about volunteer positions. Volunteering can involve activities such as organizing events, assisting residents, or participating in fundraising efforts to support the organization's mission of providing affordable housing options (Welcome). To solve this problem, the government needs to focus on increasing the supply of homes. Encouraging more construction, easing building regulations, and attracting developers to invest in affordable housing projects can help address the shortage of homes for sale. Additionally, providing incentives for builders to construct more affordable housing units can have a significant impact on the market. By balancing supply and demand, they can work towards creating a more stable and accessible housing market for everyone in Lakeland. Lakeland's housing market
1.Weather: One key reason why people like to live in Orlando is the all year around warm weather. The weather allows for a great outdoor lifestyle and you will never need to have heating in your home.
The housing market is very unique as unlike other goods and services, houses have permanence, it is a fixed location good causing the rules of supply and demand to be taken to new extremes. In the case of the Toronto housing market we can view in almost real time the role supply and demand play on he ever increasing house prices, additionally the fundamental economic issue of scarcity is made extremely apparent by the limited size of the city of Toronto.
This high demand can be due to what many people call “historical low interest rates” as more people are interesting in home ownership especially young people to take advantage of these low rates. A prosperous tech industry in the area that keeps attracting highly skilled workers who earn higher than average incomes increases demand. In her article “Housing affordability crisis drives Bay Area middle-class exodus”, Mary Ann Azevedo explains that the Bay Area created 114,000 new jobs in 2014 and only 8,000 housing units. Azevedo further explains this low inventory, “The City of San Francisco is still producing only 2,000 housing units per year — when it has needed more like 5,000 for the last 20 years and going forward.” These statistics provide a clear picture of the seriousness of the situation and explains one of the major reasons that are driving the prices up with no sight of slowing
11. The cost of living is lower. Sure, to live in Miami and Tampa Bay you’ll pay a high rate to live, but millions of Floridians live in other cities as well as communities. Your housing costs will be lower and your utilities will come in reasonable. Taxes in Florida are lower too.
the cost of living in Toronto has come to a record high, we need to start doing something about it now before no one can afford to live at all. There are more than 30,000 women, men and children in the city's homeless shelters annually. Many of thousands more sleep on the streets or considered the “hidden homeless”. About 70,000 households are on Toronto’s social housing waiting list and on the brink of becoming homeless because of the skyrocketing prices of owning a home in Toronto. The Federal Government and the province have begun a slow reinvestment in housing in past years, the number of affordable housing being built now doesn’t even compare near the levels of the early 1980’s. Habitat for Humanity has been building houses for low income
For a lot of different reasons people in California think living there is cheap and affordable; however, housing in California cost more than it does in Florida. The average house costs around $250,000 in Florida. The same house would cost around $1,000,000 in California. A big factor in this situation would be the area you
Therefore, the supply of housing that is affordable and accessible to low income people should be increased. Plus assistance that allows people to reach adequate stability should be regarded as a good investment in a productive society, in order to attain our objective. First we could start by introducing more productive assistance programs that actually focus on helping those in need of housing assistance. These programs will analyze how long people are homeless, what are their needs, the causes of homelessness, and in all how many are currently without a home. Subsequently, the City of Austin would begin building affordable housing according to the amount necessary.
The affordability of housing is one of the most critical factors that determine the well being for Californians. Housing affects people’s lives in terms of education, recreation and choices for jobs. On the state level, the cost of housing has important impact on California economy, affecting the extent to which employers are able to hire and retain workers and influencing their preferences on whether to work and remain in California.
Lastly, rising housing costs are where the housing costs have increased tremendously. Rising housing costs have made it very difficult for a person to buy a home or even rent a home to live
In a county where some of the wealthiest people reside, Orange County does include areas where low-income families struggle to afford housing. Since the 2008 recession, federal funds to construct new, less-expensive homes have drastically decreased—the Orange County Register reports it to be 76 percent. Foreclosures enabled most to lose their homes and forced many to join the rental market. This increased the quantity of renters in the county in the past decade. However, rent is not exactly affordable, and with the decrease in income, this made it much more difficult for families to live in decent homes. On top of that, not enough was being done by the local government to solve this problem. This is due to the fact that the timing
Throughout my research I found there is a real cry out for action on providing more affordable house not just locally but throughout the country. There needs to be more funding available to build more gear to income or subsidized housing and all levels of government need to take action.
For those of us with warm roofs over our heads and groceries on the table the problem of affordable housing does not often surface. But for low-income families, where half the income can disappear simply trying to keep the family sheltered in an acceptable home, the problem is a daily one. President of the BRIDGE Housing Corporation Donald Terner and columnist Brad Terner argue that affordable housing is a problem that should involve everyone. From your local supermarket clerk to your child’s science teacher, the problem of affordable housing can affect us all.
In order to implement this project we will need to schedule a meeting with Housing and Urban Development. We will also need to create a plan of action surrounding the proposed activities. We could create action teams in order to assign person’s tasks. We will need to formulate a goal plan with obtainable goals. We will also have to find an area of development and create a projected budget. It would be beneficial to contact agencies for assistance. Create a timeline for tasks to be developed. Lastly, we can conduct seminars on the importance of affordable housing. An accurate cost analysis is the first step in an effort to finance and implement this proposed project. By building a housing complex for single mothers with children who have low-income, this will allow them to have access to affordable housing. To help determine the effectiveness of the program and to ensure that the projected goals are reached Shaw University social work students will collectively conduct tenant satisfaction surveys and also interview tenants prior to receiving assistance form the housing program. After tenants have received assistance data will then be collected using the same methods as before. Tenants will be expected to take a survey on what they expect from the housing program.
Community Development Program: Affordable Housing Development. CommonBond Communities: Applying for CommonBond Affordable Housing. National Association of Realtors: A Field Guide to Low-Income Housing. Neighbor to Neighbor Organization: Affordable Housing Program.
Housing in inner city areas was poor quality and in a 1991 census it was found that over 1 million homes in the inner cities still lacked the basic amenities of bathrooms, WC’s and hot water. The occupants have low incomes and are often elderly, young