What influences demand for housing? :: Economics

What influences deal for housing?There are many key factors that impart affect the demand for housingsome of the easy ones to notice are population and price. Thesefactors effect lots of goods as the larger amount of pack the moreconsumers there will be. With price a consumer will always wish to paythe lowest amount for a good. If the price gets to utmost then they willfind a substitute.Looking at population in more detail it isnt as simple as it wouldfirst appear. You could just say the public will grease ones palms a house and themore public there is there is more demand for the good. This in turnwould allow housing companies to charge larger prices and so only therich coffin nail afford it. The puzzle is that people dont have to buy ahouse they can rent one or section one. As well as these factors theycan take out a loan to buy the house and pay it approve over a achievement oftime. Loan companies charge interest and when interest rates are lowmore people take out loans as they dont have to pay back such a largesum of money. With lots of loans companies coming up, it has becomevery easy for anyone to get loan whatever their background is like.Renting a house can be done in lots of ways. Some people make theircareer in it they buy lots of houses and rent them to people who areunable to buy a house. This is good for people who are only in the artless for a short period of time, as you can charge them largeamounts because of the location of your house. Some people dont haveany money at all and are in a bad stinting state and are given ahouse/flat by the council. They still have to pay money to live in thehouse scarcely less than from private rent business. Private rentbusinesses are there to make a profit and will charge higher pricesand have snap off quality goods to match.When looking at price it normally goes on a set pattern that as highprices means less demand and vis versa. The problem was this didnthappen and looking at figure 4.8. This is du e to the low interestrates charged by loan companies mentioned above.When addressing others factors you need to look at the country and isit going through some sort of event. During a depression people arefind it hard to get a job due to high unemployment. With this thedemand for new house with the public wouldnt become a luxury that