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Article
Publication date: 29 July 2020

Chee Yin Yip, Abdelhak Senadjki, Hui Nee Au Yong and Azira Abdul Adzis

This paper aims to construct a model procedure to mitigate housing glut by using both qualitative and quantitative approach. The model applied in the Malaysian context…

Abstract

Purpose

This paper aims to construct a model procedure to mitigate housing glut by using both qualitative and quantitative approach. The model applied in the Malaysian context analyzes the following: information contained in media articles and reports issued by Bank Negara Malaysia (BNM) on the housing market to extract the true picture of the housing glut issue; the relative impact (effectiveness) of housing affordability, housing prices and economic growth in influencing housing glut, and how it can be overcome so that appropriate preferential policies can be taken to mitigate the problem.

Design/methodology/approach

This study uses quarterly data from 2000 to 2017 to conduct economic analysis, economic theory analysis and cointegrating regression, whereas information from media-published housing articles and reports issued by BNM are examined and interpreted to draw the true picture of housing glut.

Findings

The results obtained from quantitative analysis show that housing affordability exerts very mild relative effect (0.0097) negatively on housing glut, whereas economic growth and housing price produce a relatively mild positive impact of (0.020) and (0.022), respectively, conflicting to the common consensus that the two factors have a significant effect on housing glut. Qualitatively, the results of this study show that housing glut seems to be relatively larger for affordable housing, which is contrary to the quantitative results, pointing to the existence of other influencing factors.

Research limitations/implications

There is an imperative need for a third-party survey to gain a comprehensive understanding of the market conditions and buyers’ sentiment and preference.

Originality/value

This study compares both quantitative and qualitative results with expected housing market movements and responses based on conventional wisdom.

Details

International Journal of Housing Markets and Analysis, vol. 14 no. 3
Type: Research Article
ISSN: 1753-8270

Keywords

Book part
Publication date: 28 May 2012

Davis Royal Judson

The neighborhoods north and northwest of downtown St Louis are blighted by their abundance of substandard, abandoned, and demolished housing. Crime, poverty, and…

Abstract

The neighborhoods north and northwest of downtown St Louis are blighted by their abundance of substandard, abandoned, and demolished housing. Crime, poverty, and unemployment are high while family stability, educational achievement, and health outcomes are low. These conditions are not unique to St Louis, but can be found in neighborhoods in every city in America. How did this happen? What factors led to the demise of these neighborhoods? This chapter examines the history of St Louis along with theories of neighborhood succession to identify possible explanations for the city's collapse.

Details

Living on the Boundaries: Urban Marginality in National and International Contexts
Type: Book
ISBN: 978-1-78052-032-2

Article
Publication date: 6 January 2012

Sean R. Williamson

The purpose of this paper is to establish necessity and methods for considering greenhouse gas (GHG) mitigation policies at a system‐level. The research emphasizes…

Abstract

Purpose

The purpose of this paper is to establish necessity and methods for considering greenhouse gas (GHG) mitigation policies at a system‐level. The research emphasizes connecting narrowly focused GHG mitigation objectives (e.g. reduce single occupancy vehicle travel) with broader institutional objectives (e.g. growth in student population) to demonstrate how policies operating at different scales individually and collectively influence GHG reductions.

Design/methodology/approach

First, a framework for defining divergent policy types and associated GHG impacts is developed. Second, relying on data from a higher education institution, a quantitative model for testing policy impacts is formulated. Last, through adjustment of the model's policy levers, GHG emission trajectories by policy type are compared.

Findings

The central finding is that broad level policies associated with housing stock and student growth are more capable of influencing GHG emissions than traditionally classified mitigation policies such as investing in alternatives transportation services. Moreover, based on the divide between stationary and mobile emission sources and related energy intensities, the incentive exists for reducing housing investments and increasing student commuting rates as a means of cost‐effectively managing GHG emissions in the short term.

Originality/value

Tradeoffs exist in GHG mitigation efforts and wider higher education planning. However, institutions lack the methods and tools to evaluate these tradeoffs, either within the narrow field of GHG mitigation efforts or across broader institutional priorities. This research presents a method and case study for better understanding tradeoffs through a systems approach.

Details

International Journal of Sustainability in Higher Education, vol. 13 no. 1
Type: Research Article
ISSN: 1467-6370

Keywords

Article
Publication date: 1 December 2010

David Webb

This article is an exploration of how power has been exercised over the future of part of a rural town in Lancashire, North West England. The article reviews a decade of…

Abstract

This article is an exploration of how power has been exercised over the future of part of a rural town in Lancashire, North West England. The article reviews a decade of debates about what should be done with the area, and draws loose comparisons between practices at various stages of the story and three conceptual frameworks from planning theory. The stages are likened to the theories of rational-comprehensive planning, agonism and communicative planning. This story is characterised by the attempts of spatially or deliberatively remote actors to define the area's future, and to justify this by recourse to one or more master narratives. The article appraises how successful each of the three planning theories have been at regulating these attempts to impose the area's future. It builds on existing critiques of rational planning and communicative planning and shows how, in this instance; well resourced agonistic debate was more effective at promoting the importance of disparate values and non-expert knowledge.

Details

Open House International, vol. 35 no. 4
Type: Research Article
ISSN: 0168-2601

Keywords

Content available
Article
Publication date: 1 March 2011

Herbert Sherman, Adva Dinur and Daniel Rowley

In this two-part case, Richard Davis and Stephen Hodgetts, co-owners of D&H Management LLC, are trying to come to terms with changes in the real estate market‐changes that…

Abstract

In this two-part case, Richard Davis and Stephen Hodgetts, co-owners of D&H Management LLC, are trying to come to terms with changes in the real estate market‐changes that have made their rental homes worth less than their mortgages and at best yielding at most a break-even cash flow. In Part A Davis and Hodgetts are weighing the following options: (1) sell all of the properties, assume a loss (walk away with nothing), and avoid the negative cash flow; (2) walk away from all of the properties, assume a loss (walk away with nothing), and avoid the negative cash flow; (3) delay paying the mortgage on some of the homes, allow these properties, if necessary, to go into foreclosure, and in the interim use the positive cash flow to shore up some of the more positive cash flow homes; (4) contact all of the lenders and try to renegotiate the mortgages so as to have lower monthly rates.

In Part B Davis proposes that he and Hodgetts go their separate ways. Davis walks away with the two properties that have mortgages in his name, while Hodgetts obtains the four properties that have mortgages in his. From Hodgettsʼ perspective this is a losing proposition since (1) he would have to take over the management of four “loser” properties rather than Davisʼs two, an ʼunfairʼ split of the liabilities; (2) he had no interest in managing properties; and (3) he and Davis would be splitting up a long-standing team.

Details

New England Journal of Entrepreneurship, vol. 14 no. 2
Type: Research Article
ISSN: 2574-8904

Article
Publication date: 15 October 2021

Consilz Tan

Housing choice is always a complicated decision with its dual functions as a roof over the head and as an investment good. This paper aims to investigate the boundedly…

Abstract

Purpose

Housing choice is always a complicated decision with its dual functions as a roof over the head and as an investment good. This paper aims to investigate the boundedly rational behaviours that affect the housing choice three bounded behaviours play roles in explaining the decision-making behaviour of homebuyers when they acquire/sell a property. These behaviours are endowment effect, loss aversion and herding, which have implications on the decision-making process.

Design/methodology/approach

The research is based on cross-sectional questionnaires and collected from 587 respondents. Factor analysis and reliability tests were used to identify the latent construct of bounded rational housing choice behaviour. In the meantime, the study used one-way analysis of variance (ANOVA) to examine whether there are any differences in the housing choice based on the respondents’ demographic backgrounds.

Findings

The findings indicated that a total of 11 items were reduced to three factors that accounted for the decision-making in housing choice. There are significant differences in herding behaviour amongst respondents with different level of education and their purpose of looking for a house.

Research limitations/implications

This paper helps to identify latent constructs that shed light on the housing choice, especially on the bounded rational behaviour.

Originality/value

This is one of the few studies to explore boundedly rational behaviours in housing choice from the angle of homebuyers. Previous studies addressed housing choice in terms of price, demand and supply in general but not on individual homebuyers. The results will be useful to developers, policymakers, homebuyers as well as scholars in understanding the decision-making process in housing choice.

Details

International Journal of Housing Markets and Analysis, vol. 15 no. 5
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 1 October 2007

Paul Falzer

Social capital has played a prominent role in recent initiatives to improve mental health and enhance the quality of services. However, efforts to substantiate a link…

Abstract

Social capital has played a prominent role in recent initiatives to improve mental health and enhance the quality of services. However, efforts to substantiate a link between social capital and mental health have been daunted by equivocal findings and conceptual confusion. These consequences are in part due to having two prominent approaches that offer disparate and inconsistent accounts about what comprises social capital, how to increase it and how to use it to benefit mental health policy and practice. This paper lays the groundwork for a rapprochement.

Details

Mental Health Review Journal, vol. 12 no. 3
Type: Research Article
ISSN: 1361-9322

Keywords

Article
Publication date: 12 April 2022

Sherin Susan Thomas, Jossy P. George, Benny J. Godwin and Amala Siby

The primary purpose of this paper is to determine the role of behavioral characteristics of young adults on housing and real estate loan default intentions. The behavioral…

Abstract

Purpose

The primary purpose of this paper is to determine the role of behavioral characteristics of young adults on housing and real estate loan default intentions. The behavioral factors considered in this study are financial literacy, materialism, emotions, indebtedness and risk perception.

Design/methodology/approach

The sample frame comprises of young clients who have taken house loans and work in India’s metropolitan cities. These cities provide a higher quality of life, more employment possibilities and cheaper living costs. A systematic questionnaire was used, which was divided into six components. A total of 352 valid responses were collected and analyzed through a structural equation model.

Findings

The findings suggest that financial literacy, materialism and risk perception have a considerable impact on loan default intention among young adults. The results also ascertained that emotion and indebtedness do not have a considerable impact on loan default intention among young adults.

Research limitations/implications

The scope of this study is limited to India’s metropolitan cities. Future studies can examine comparative examinations of young adults working in the public and private sectors and those working in different cities across India.

Practical implications

This paper contributes to a better understanding of behavioral variables which may lead to the creation of preventive measures for young defaulters. The findings of this study will help financial institutions to improve their credit-offering models.

Originality/value

To the best of the authors’ knowledge, this study is the first to determine the role of behavioral attributes of young adults on housing and real estate loan default intentions in India. This work will be executable to all the stakeholders of the housing and real estate industry altogether.

Details

International Journal of Housing Markets and Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 1 March 1988

Roger Bennett and Jim Oliver

Action Research is increasingly being used on many education and training programmes. As an approach that focuses research on live issues in order to take action, it fits…

Abstract

Action Research is increasingly being used on many education and training programmes. As an approach that focuses research on live issues in order to take action, it fits well with action learning. Experience shows, however, that careful consideration needs to be given to selecting, designing and implementing projects. This Guidebook helps the would‐be action researcher to do this. It is part text and part workbook, covering the need for and use of action research, explaining the essential features and pitfalls, and indicating ways in which action research can be developed and put to work. The use of checklists, action plans and examples makes it an effective means of helping to produce a good action research project for those undertaking action oriented learning programmes. It results in a statement of the project, methods, opportunities, learning benefits and further developments. A list of further readings is provided for those who wish to go more deeply into the concepts and ideas underpinning action research, action learning and related matters.

Details

Leadership & Organization Development Journal, vol. 9 no. 3
Type: Research Article
ISSN: 0143-7739

Keywords

Expert briefing
Publication date: 15 July 2015

The impact of the housing sector on US growth.

Details

DOI: 10.1108/OXAN-DB200971

ISSN: 2633-304X

Keywords

Geographic
Topical
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