...think otherwise. The rich continue to get richer and the poor get poorer while the government makes it even harder for the middle and lower class to stay out of poverty. Lack of affordable public housing and also lack of middle income housing are a few of the problems. The Gap in the wealth divide along with these two problems makes life very difficult for middle class and lower class to survive during these hard economic times. “Affordable housing is a term used to describe dwelling units whose total housing costs are deemed "affordable" to those that have a median income. Although the term is often applied to rental housing that is within the financial means of those in the lower income ranges of a geographical area, the concept is applicable to both renters and purchasers in all income ranges.” (Wikipedia) In The United States and Canada the accepted guideline for being able to afford a house is a cost that does not go over 30% of a household’s gross income. The costs include taxes, insurance and utility costs. When the costs go over the 30% to 35% mark then the payments are then considered unaffordable for that household. Government policies that increase building costs and or restrict the supply of housing are one of the most primary reasons for the lack of affordable housing. As this pictures shows median Home values continue to increase. Not to mention the economy is at a bad place right now...
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...Demand, Supply and Prices in the Housing Industry F. Hill ECO/365 Principles of Microeconomics July 30, 2014 Mr. Keith Watts Abstract The slowdown in the housing market in the US has been accompanied by a sharp fall in house prices and a glut of homes for sale in the market. While the idea that this high number of dwellings for sale should place downward pressure on house prices is intuitive, little empirical work has been done in this area to assess the factors affecting house prices. This paper explicitly models the relationship between changes in prices of houses and various measures of housing demand and supply. A simulation model has been included to help explain the evolution of the housing market and enable one determine the equilibrium price, quantity and prices. The company under consideration is GoodLife management- a property management company that manages seven communities in the city of Atlantis. Keywords: Housing market, supply and demand, price elasticity and economics. Introduction From the demand and supply curve of the firm, various microeconomics and macroeconomics can be identified. Microeconomics looks at the behaviors of individual people and companies within an economy. It is based on the idea of a market economy, in which forces of demand and supply are behind prices and production levels of goods and services. Microeconomics is concerned with supply and demand in individual markets, individual consumer behavior and individual labor markets...
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...» Admin Sign In Quick Links Skip to main content UWA Information Services LibGuides Harvard citation style Library Site Search UWA Website Harvard citation style This guide shows students and staff how to reference using the Harvard Referencing style. Last Updated: Feb 16, 2012 Introduction URL: http://libguides.is.uwa.edu.au/harvard All examples Print Page EndNote Print Guide RSS Updates Reference formats Comments(0) Questions and comments All examples Search: This Guide ●Search Harvard all examples PDF Harvard All Examples - PDF In-text citations Two or more works cited at one point in the text If two or more works by different authors or authoring bodies are cited at one point in the text, use a semi-colon to separate them: (Larsen 2000; Malinowski 1999) The authors should be listed in alphabetical order. Two or three authors or authoring bodies When citing a work by two or three authors or authoring bodies, cite the names in the order in which they appear on the title page: (Malinowski, Miller & Gupta 1995) In-text and reference list examples Books & eBooks Material Type In-Text Example Reference List Example Book: Single Author Book: 2 or 3 Authors Book: More Than 3 Authors Book: No Author Book: Editor Book: 2 or More Editors Book: Translator & Author Book: Organisation as Author Book: Chapter or Article in Edited Book Book, edition other than first. E-book E-book: Chapter or Article in an Edited E-book Book:...
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...Context: The reported cost of the Obama Administration’s cash payments made to Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac was $130 billion (Cover). This number has been a well-publicized figure signaling the corruption of these two mortgage giants. In fact, enormous sums of money often become the public symbol for corruption when corporate fraud is committed. By the same token, Fannie Mae’s $9 billion of overstated earnings from 2001-2003 also became a strong representation for the executive deception that was committed during this time period (Harvard Law School Case). However, the reasons for the fraud itself are often overlooked. While we can’t be certain that executive compensation practices contributed to this fraud, it undoubtedly did not strengthen the idea of producing firm value for the benefit of shareholders. Fannie Mae was created in the midst of the Great Depression (1938) to buy mortgages from lenders so that money would be freed up for other borrowers (Pickert). Although Fannie started off with just $1 billion to purchase mortgages, the organization was extremely effective and shaped American home ownership for a new class of people that once were not considered creditworthy. Essentially, low to middle income buyers were able to receive credit and become homeowners due to the success of Fannie Mae. It is important to note that Fannie Mae was established with an amazing social mission in mind: to help American homeowners realize...
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...What are the problems of Harvard housing problems in the case? Vacancies are few, student flow is high What are you feelings as you go through this survey? Yes it is too long. There are answers to some questions in section E that could be retrieved by using student ID. What are the strengths and weaknesses of this survey? Strength: survey is thorough; large number of response; replicable over years. Weaknesses: too long and boring; there are hard questions (trade-off questions); the questions are made out of simplistic assumptions such as locations and features instead of more sophisticated human factors. Recommendations: What can be added to the 2005 survey? More human factors: Entertainment habits, dinning preferences. Allston initiative: Questions that help Harvard build a more favorable community for students. (Facilities, with/without varied school composition, transportation). Faculty members could also be consider as a survey object as they are building Allston community. What can be removed from 2001 survey? Factual questions. What can be modified in the 2001 survey? Merge the trade-off questions into a table with five scales from least important to most important. Questions about transportations should also be changed – public transportation would be different in 4 years. Relate to ourselves --- what if we are to design a survey for our final project? How to design high quality surveys? Factors that we think are important when designing a survey: ...
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...Harvard Business School 9-389-080 Rev. December 5, 1989 Country Analysis Framework This framework takes the nation as the unit of analysis. Effective managers must be able to analyze systematically the national and international environments in which they operate. This note presents a framework to help them do this. Since government actions shape business environments, that is the starting point for country analysis. In this view, nations have strategic purposes, the capacity to mobilize resources, and the power to affect their economies. The country analysis framework has three interrelated components: strategy, performance, and context. Each of these has economic, political, and social dimensions. All governments have a national strategy composed of explicit or implicit goals and a set of policies to achieve those goals. These lead to performance, which can be judged by assessing how well the country is doing economically, politically, and socially. These outcomes also depend on a country’s context, which has domestic aspects (economic, political, social, institutional, and ideological) and international aspects (trading relationships, political links, multilateral institutions, global industries). In turn, the outcomes affect the context for future strategies. Thus, strategy, performance, and context are interdependent. Country analysis can therefore begin with any of the three components, but requires examining all of them. Country analysis is not a...
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...to the Housing Crisis? “Worm or beetle - drought or tempest - on a farmer's land may fall, Each is loaded full o' ruin, but a mortgage beats 'em all” (Will Carleton 1845-1912). A mortgage is the greatest investment the average individual will make in their entire life-time. However, according to today’s standards, the true magic of a mortgage is not when one signs the note and mortgage but what the lender does with it after it has been conveyed. In almost every case after a mortgage is signed, it is almost immediately sold to the secondary market, this is where the loans become securitized. This is where most Americans believe is the root of our current housing crisis. This paper will analyze (1) why most Americans believe that loan securitization is the reason why we are in a housing crisis. (2) How lax screening processes by lenders played a part (3) Risky lending practices and (4) finally, the opposing views on securitization and our current crisis. Why do most Americas believe loan securitization is the problem? In most cases, when we can’t laugh at our mistakes, we have already started looking for someone to blame. In the case of our current mortgage crisis, we have engaged in a myriad of who’s to blame. Some say the lenders failed to properly screen borrowers, while others say the government protected the secondary market as they bought and sold one bad note after another. Most people believe that securitization started in 2004 and continued until the housing market...
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...organisational excellence A Scottish Housing Association case study James Sheffield Comhairle, The Scottish Centre for European Public Sector Studies, University of Paisley, Paisley, Scotland, and 484 Siobhan White Division of Accounting and Finance, Glasgow Caledonian University Business School, Glasgow, Scotland Keywords Scotland, Housing, Financial management, Auditing, Corporate governance Abstract Control self-assessment (CSA) has been discussed as an audit technique, but little practical guidance is available in the UK on the subject. A limited number of public sector organisations have implemented it. This paper describes a case study of CSA implementation in a Scottish Housing Association. The case study details the decision processes that led to the choice of CSA as a favoured audit technique, and the development of CSA skills within the organisation. This paper examines the broader benefits of a CSA approach, in terms of performance management and employee empowerment. This paper also uses a cost benefit analysis to examine the efficacy of CSA for small organisations. Managerial Auditing Journal Vol. 19 No. 4, 2004 pp. 484-492 q Emerald Group Publishing Limited 0268-6902 DOI 10.1108/02686900410530493 Introduction West of Scotland Housing Association (WOSHA) is a provider of social housing, whose homes are rented to people who apply to the Housing Association to become members. Once an individual (or family) has become part of the Housing Association, they can choose...
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...Harvard citation style – All examples In-text citations Two or more works cited at one point in the text If two or more works by different authors or authoring bodies are cited at one point in the text, use a semi-colon to separate them: (Larsen 2000; Malinowski 1999) The authors should be listed in alphabetical order. Two or three authors or authoring bodies When citing a work by two or three authors or authoring bodies, cite the names in the order in which they appear on the title page: (Malinowski, Miller & Gupta 1995) Block quotations A block quote is a longer quote. It consists of more than about 30 words when using the author-date (Harvard) system: It was stated that: If any similiar qualitative research is to be undertaken in the future, then stringent controls should be put in place to ensure such statistical anomalies do not occur through lack of methodological rigor, particularly through corruption of data inadequately stored and processes (Mullane 2006, p.66). The actual quote is in slightly smaller font and idented from the left hand margin to distinguish it from the surrounding text. In-text and reference list examples Books & eBooks Material Type In-Text Example Reference List Example Book: single author (Holt 1997) or Holt (1997) wrote that... Holt, DH 1997, Management principles and practices, Prentice-Hall, Sydney. Book: 2 or 3 authors (McCarthy, William & Pascale 1997) McCarthey, EJ, William, DP & Pascale, GQ...
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...(http://www.thecasesolutions.com/) (http://www.thecasesolutions.com) Posted on Home (http://www.thecasesolutions.com) >> Business Case Studies (http://www.thecasesolutions.com/business-case-solutions) >> American Greetings ← Previous Post (http://www.thecasesolutions.com/simons-hostile-tender-for-taubman-22197) Next Post→ (http://www.thecasesolutions.com/yokohama-corp-ltd-a-22201) American Greetings Harvard Case Solution & Analysis AN INDUSTRY IN DECLINE Greeting card industry was faced massive changes as it had attained maturity and was now in decline. Overall greeting card sales had been contracting in the U.S. for some years and negative growth was expected in the next five years to 2015 (Exhibit 4). Hallmark was the largest card company in the U.S. that was privately owned by the Hall family with $4 billion of revenues. The organization had expanded its operations in more than hundred nations and thus it was well-diversified geographically. Overall, the U.S. card industry was contracting with 9% reduction in last six years and the trend was expected to continue with a minimum of 4% decline over next 4 years and 16% in a worst case scenario. Major cause and diver of this decline in demand was changing social interaction norms and advent of alternative forms of communications through social networking and digital imaging. Increase in use of these alternatives by the populace to express their love and keep in touch with their close ones was reducing the need to send paper based...
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...Andrew Yard Case Study Analysis 1 Running Head: Andrew Yard Case Study Analysis The Andrew Yard Case Study Analysis (A-C) Harvard Business School Publication 9-911-028,029,030 MBA 612: Leadership I Northwood University DeVos Graduate School September 2014 Dr. Tara Peters Running Head: Andrew Yard Case Study Analysis 2 The Andrew Yard circumstance portrays a remuneration settlement from a worldwide HR executive, Joseph Rogers, alongside a hopeful, Andrew Yard, for a high-level executive position. He is highly qualified and experienced professional in retailing home goods and electronics. The negotiated 600K salary plus 75% bonus, and other benefits such as health insurance, a car allowance, stock options and housing were appealing but also too came with a price. Problem Statement: The problem becomes awkward once Andrew feels offended by Joseph while he is offered a monetary motivator to join the association more quickly than at first arranged. Hypothesis/Analysis: The Business Development team identified growth potential in retail business but the retail business was declining due to the absence of a good leader. Hypothesis 1: Ayoub Companies was missing out on growth opportunities in retail business. The COO was acting as an interim leader and he was under much burden. As an example in the Harvard Business case study states, his recent emails to the team showed that the retail business was a critical juncture: “We’re putting fires out daily...
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...Homeless individuals are those who meet one of the following definitions: 1) lacking a fixed, regular and adequate nighttime residence; 2) are living in a residence that is not suitable for human being for example, cars, public parks, and abandoned buildings; 3)living in a shelter that provides temp housing; 4) was a reside of an institution who is being released; 5) are being evicted for non-payment of rent or mortgage; 6) unaccompanied youth and homeless families with children and youth; or 7)individual or families who are fleeing violence (Bassuk, DeCandia, Beach, & Berman, 2014). Homelessness has been a social problem for many decades but it was not until the mid 1980s that family and child homelessness surfaced as a significant problem...
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...Harvard Referencing System Tunku Abdul Rahman College Compiled by Dr Chook Ka Joo Quality Assurance Department Tunku Abdul Rahman College and Mr Johnny Chin Fui Chung School of Social Science and Humanities Tunku Abdul Rahman College 2010 For Internal Circulation Only CONTENTS Page 1.0 INTRODUCTION 1 THE IMPORTANCE OF CITING REFERENCES 1 REFERENCING SYSTEM 1 THE HARVARD REFERENCING SYSTEM 2 CITATION IN THE TEXT 2 THE REFERENCE LIST 6 EXAMPLES OF REFERENCING 9 2.0 3.0 4.0 5.0 6.0 7.0 REFERENCES For Internal Circulation Only TUNKU ABDUL RAHMAN COLLEGE HARVARD REFERENCING SYSTEM 1.0 INTRODUCTION Referencing or citing means acknowledging the source of information and ideas you have used in your assignments (e.g. essay, report, project, research paper, etc.). This is a standard practice at all institutions of higher learning including Tunku Abdul Rahman (TAR) College. This learning guide on Harvard referencing system was developed based on the following references: Curtin University Library 2007, Harvard Referencing. Fisher, D & Hanstock, T 1998, Citing References. Saunders, M, Lewis, P & Thornhill, A 2005, Research Methods for Business Students. University of Bournemouth 2005, Citing References...
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...He turned down a prestigious judicial clerkship, choosing instead to practice civil-rights law back in Chicago, representing victims of housing and employment discrimination and working on voting-rights. After graduation, he returned to Chicago to teach constitutional law at the University of Chicago, and remain active in his community.He then married Michelle Robinson (now Michelle Obama, they had two daughters Sasha Obama and Malia Obama). Eventually, he was elected to the Illinois state senate, where his district included some of the poorest ghettos on the South Side. In 2004, Obama was elected to the U.S. Senate as a Democrat, representing Illinois, and he gained national attention by giving a speech at the Democratic National Convention in Boston. In 2008 he ran for President, and despite having only four years of national political experience, he won. In January 2009, he...
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...largest U.S.-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown.” It has been maintained that huge economy inequalities coupled with low rate of profit in the US economy contributed to an increased capital flow to the financial sector and the increasing provision of credit to US workers whose real incomes had declined. Under auspices of financial innovations, debt was sold in complex new financial products to investors. Cheap and apparently riskless lending drove the rising leverage of investments. ‘Securitization’ helped to spread the risks to global financial markets and deficient government regulation facilitated these developments. A huge asset bubble developed in the US housing sector and burst as a result of high interest rate. Consequently, the world witnessed massive waves of defaults, institutional insolvency and a severe credit crunch. Introduction The global financial crisis led to the collapse of large financial institution, bailout of banks...
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