GEOG 3701 Lecture Notes - Lecture 9: Housing Tenure
2 Dec 2016
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Guest lecture sinikka okkola (cid:862)housi(cid:374)g afforda(cid:271)ility i(cid:374) t. Joh(cid:374)s, askatoo(cid:374), calgary, ed(cid:373)o(cid:374)to(cid:374) a(cid:374)d fort m(cid:272)murray(cid:863) why important? housing is a basic necessity of life excessive cost means less money for non housing necessities housing spending is the most significant item in any homeowner/renter budget knowledge gap. Canada went from being exporter of goods to exporter of oils and such. How much income used for housing costs about 30% If use more than 30% you have a housing affordability problem. Dosent take into account factors like how much disposable income you have after using the. 30% also dosent take into account the family structure and housing quality. Housing cost to income is bigger problem than quality. But indication that low income earners choose to compromise housing quality in order to achieve a suitable affordability level. Safety net for unexpected events and retirement which substitutes the safety net of welfare usually provides (cid:894)re(cid:374)ters do(cid:374)"t have access to that(cid:895)
