Collapse Of Homes: Article Analysis

The acute housing crisis in the Indigenous communities always has a critical issue in Canada. Recently Government officials termed it as ‘housing crisis,' due to the contemporary housing shortage in combination with a growing indigenous population. The housing crisis in aboriginal communities is not new to those working in the housing sector, and of course a timeworn problem for indigenous communities. Adequate housing is the right of every human being. Housing is not just a physical structure for shelter rather it is a home, a place of spiritual belongings to its inhabitants. Aboriginal people have specific housing needs and aspirations. This paper starts with the argument that the Canadian housing policy has largely overlooked indigenous

During the early 2000 's, the United States housing market experienced growth at an unprecedented rate, leading to historical highs in home ownership. This surge in home buying was the result of multiple illusory financial circumstances which reduced the apparent risk of both lending and receiving loans. However, in 2007, when the upward trend in home values could no longer continue and began to reverse itself, homeowners found themselves owing more than the value of their properties, a trend which lent itself to increased defaults and foreclosures, further reducing the value of homes in a vicious, self-perpetuating cycle. The 2008 crash of the near-$7-billion housing industry dragged down the entire U.S. economy, and by extension, the global economy, with it, therefore having a large part in triggering the global recession of 2008-2012.

The housing crisis of the late 2000s rocked the economy and changed the landscape of the real estate business for years to come. Decades of people purchasing houses unfordable houses and properties with lenient loans policies led to a collective housing bubble. When the banking system faltered and the economy wilted, interest rates were raised, mortgages increased, and people lost their jobs amidst the chaos. This all culminated in tens of thousands of American losing their houses to foreclosures and short sales, as they could no longer afford the mortgage payments on their homes. The United States entered a recession and homeownership no longer appeared to be a feasible goal as many questioned whether the country could continue to support a middle-class. Former home owners became renters and in some cases homeless as the American Dream was delayed with no foreseeable return. While the future of the economy looked bleak, conditions gradually improved. American citizens regained their jobs, the United States government bailed out the banking industry, and regulations were put in place to deter such events as the mortgage crash from ever taking place again. The path to homeowner ship has been forever altered, as loans in general are now more difficult to acquire and can be accompanied by a substantial down payment.

Article 25 of the Universal Declaration of Human Rights asserts that housing is a fundamental component to a decent standard of living, yet few city governments--even in the most developed economies--have proven themselves capable of ensuring such a basic right to their constituents (United Nations, General Assembly). Ranked 49th among the 50 U.S. states for its number of housing units per capita, California has notoriously struggled with chronic shortages in its urban housing market. With 118,142 homeless people recorded in 2016, California holds almost 22% of the nation’s homeless population (Fact Sheet: Homelessness in California 1).

Recently, District of North Vancouver has released the results of a detailed five-year study that models a shallow 7.3 magnitude earthquake, with epicentre in the Strait of Georgia, risk in the municipality. Although this might not be the worst-case scenario,it still provides useful information in terms of determining the vulnerability of North Vancouver facing an earthquake. The bright side of the evaluation is that majority of people live in wood frame houses, which are inherently better able to withstand earthquake damage and most are built on stable, solid ground. That would be especially important if an earthquake struck at night, when most people are home.The dark side is that areas likely to be most impacted by ground shaking and soil failure in an earthquake, especially buildings in several low-lying waterfront areas would likely be topple as sandy soils were subject to liquefaction just like the below figure has shown where the red parts indicate areas near the shore or the waterfront is facing structural failure and danger of collapse. Looking to the upper regions, it is shown in this scenario that these areas would receive no significant structural damage when experienced a 7.3 magnitude earthquake. In general, North Vancouver is less dangerous under the condition

Many communities are suffering due to coastal erosion. One example is the village of Cocodrie, LA in Terrebonne Parish. This village’s small population and its 220 residential and commercial buildings are surrounded by marshes. In Cocodrie, there is no barrier against hurricanes. Local marinas play host to recreational and commercial fishing, and The Louisiana Universities Marine Consortium is located in Cocodrie. This facility of around 100,000 square ft houses laboratories, classrooms, and a research center. Infrastructure that will be affected by coastal erosion includes paved highway, dirt roads, a bridge, water supply systems, and natural gas lines. By 2050, Cocodrie will be surrounded by open water as the marshlands around the village give way to rising sea levels. Another community affected by this issue is Yscloskey, LA in St. Bernard Parish. The most important part of the economy here is fishing, and highways link the parish to New Orleans fishing communities. The Yscloskey area lies outside of the protective levees and is quite vulnerable to storms. Though losses in Yscloskey are not predicted to be as great as those in Cocodrie, a 16 percent loss by 2050 leaves the infrastructure of Yscloskey even more vulnerable (Coast 2050, 1998, p. 64-66). Local residents in these areas are watching the land disappear along with the beachfronts and Cyprus swamps that were on that land (Marshall, 2014).

Affordable housing in the United States describes sheltering units with well-adjusted housing costs for those living on an average, median income. The phrase usually implies to applied rental or purchaser housing within the financial means of lower-income ranges specific to the demographics of any given area. However, affordable housing does not include those living in social housing owned by government and non-profit organizations. More specifically, the targeted range for housing affordability sets below 30 percent of a household's annual income, including all applicable taxes, utility costs and home owners insurance rates. If the mean income per household breaches the 30 percent mark, then the agreed status becomes labeled as

In 2007, the U.S. fell into a deep financial recession. One of the main causes of this was the bursting of the housing bubble, which lead to a housing crisis. What is a housing bubble? A housing bubble is defined as “a temporary condition caused by unjustified speculation in the housing market that leads to a rapid increase in real estate prices” (businessdictionary.com 2014). When the bubble bursts, the result is a quick decline in home prices (businessdictionary.com 2014).

Bangladesh is one of the world 's most densely populated countries, with its people crammed into a delta of rivers that empties into the Bay of Bengal (BBC, 2015). Poverty is widespread, where many people suffer from malnutrition, especially in the rural areas. The structural failure of the Rana Plaza collapse, an eight-story commercial building, occurred on 24 April 2013 in the Savar Upazila of Dhaka, Bangladesh. This resulted in 1,137 confirmed dead at Rana Plaza, and over a year later 200 are still missing (Institute for Global Labour and Human Rights, 2015). The issue is an ethical issue which has affected many lives in Bangladesh and resulted in western civilisation demanding change. The ethical issue involves around a Bangladesh man Sohel Rana, and western clothing companies, specifically the company it manufactured for, Canadian fashion brand Joe Fresh (Forbes, 2013). The building, Rana Plaza, was owned by Sohel Rana, whom illegally extended the six-storey building, into a nine-storey factory complex.

The following essay will thoroughly examine the severe economic downturn of 2008, formerly known as the housing bubble collapse. We will mainly focus our discussion on the effects the financial crisis had on Canada and the U.S and examine why both countries were affected differently. Although the collapse of the housing bubble is the most identifiable cause, it is extremely difficult to pinpoint one specific defining moment or event triggering the global financial collapse. There are many factors involved, due to the complex nature of the financial systems across the world, and this paper will delve in the key contributing variables that led to this financial crises.

The Big Short is a movie that discusses the housing market crash in 2008. As you may know, the banks, the mortgage brokers, and the consumers were all affected by this collapse. On each level of the system, there were things that went wrong and that could have been changed that could have prevented the failure of the housing market.

The Abandoned house stood there, with fog rising to the sky. Lights flickered being the only light in the dark….. The fog dragged a cold breeze, that sent a chill up my spine, this house has been here forever and nothing like this has ever happened before, I gulped and strolled into the cold night fog. As I approached the house, the door slowly opens and a Shadow steps towards me. The weather just dropped like 40 degrees, I don't like this at all.

In the passage, the writer recommends that if someone collapse on the street, don't assume the person is drunk or homeless-please check the person is ok. From her personal experience, she knew what a real dilemma is. Once she collapsed on the street but failed to attract others' attention, and people just passed by or made some comments. In the whole process, no one gave a hand to the writer though she was extremely uncomfortable physically, which made her feel disheartened. Finally, someone offered helps to her.

Staten Island is one of the five boroughs of New York City. Now it is so hard to believe that once Staten Island was a dump, which closed in 2001. Now, this inhabited locality is developing very fast. Life there is quiet and nice, compared to other districts of New York, seems like less populated and more like a suburb. Staten Island may be the most dangerous place to live on the East Coast of the United States. That is the conclusion that many meteorologists, geologists and inhabitants of the borough came to after Hurricane Sandy. The future of Staten Island after the disaster is under concern, if you carefully explore the centuries-old history of the island, it becomes absolutely clear that natural disasters will occur here always.

The current real estate crisis that America finds itself in is one of the greatest challenges America has ever faced. America’s troubles are further compounded by increasing unemployment of American citizens and environmental problems like global warming. Solving any one of these problems would be a Herculean task, yet they must each be addressed in order to protect American families from disaster. However, it is possible to find a solution to the problems of the real estate crisis that can also be used to improve the problems of the unemployment and environmental destruction. The first part of the solution involves the United States government purchasing the homes that have been foreclosed and using them to offer temporary housing to