The financial element: transformation as an investment
The financial element: transformation as an investment
This chapter examines the issue of income, since housing investment hinges on the financial resources of the households. It discusses whether transformers' households are low income; the income of subsequent households; spending on transformations; house value; house cost; relationship between house value/cost and income; the impact of transformations on housing supply and demand; increases in house cost to income ratios; the concept of filtering; and filtering through transformation.
Keywords: government-built housing, low-income housing, income, transformation, households, house value
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