Why Inflation Makes it More Difficult for People to Become First-Time Homeowners

01/17/22

“Why does inflation make it more difficult to become a first-time homeowner?”

Becoming a first-time homeowner takes a lot of prep work. You have to have a relatively high credit score to qualify for a loan, a stable income to cover the mortgage, and enough money in the bank to make the downpayment. These factors all make inflation a more deadly force. To begin, governments usually make interest rates higher to take the steam out of inflation. This makes taking on a new mortgage loan more onerous and difficult to obtain. The price of land will also skyrocket while most people’s incomes stay flat, making the first move harder to make. Bank accounts may be drained to cover the increasing cost of daily life, hurting people’s potential for a solid down payment. This is Why Inflation Makes it More Difficult for People to Become First-Time Homeowners.

Why Urban Planners Have to Build Relations With Unhoused Communities

01/15/23

“Why do Urban Planners have to build relations with unhoused communities?”

With the global housing crisis becoming worse and worse every year, homelessness is becoming a more pressing issue. To illustrate, 70 percent of surveyed likely California voters agreed that homelessness was a big problem in their state. With all of the discussions around homelessness going on, the pressure to address it is skyrocketing. However, planners will need to keep make sure that they have the interests of the unhoused (homeless) community before prescribing solutions. The way to accomplish this is to steadily and authentically build relations with unhoused people and run actions by them. This is Why Urban Planners Have to Build Relations With Unhoused Communities.