StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Opinion on economic issue - Essay Example

Cite this document
Summary
In this regard, it has been recognized that the price of home and shelter is increasing every day. With regard to this particular issue several problems…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.1% of users find it useful
Opinion on economic issue
Read Text Preview

Extract of sample "Opinion on economic issue"

Opinion on Economic Issue INTRODUCTION In the modern era, the costs of rental properties are increasing more aggressively in the local market of the United States. In this regard, it has been recognized that the price of home and shelter is increasing every day. With regard to this particular issue several problems have been observed in the domestic market of the US. Subsequently, it can be asserted that the objective of this particular assignment is to examine the issue of inflation on the US rental properties, which is adversely affecting the micro and macro-economic environment of the US.

In this context, in order to identify the potential causes of the rising rental inflation in the US, the study has relied on varied academic articles and business reports. THEORETICAL PROPOSITIONSIn accordance with the viewpoint of Madigan, the average rent of the apartments had increased to 3.1% in the US market during the last year in comparison to the year 2012 (Madigan, “Why Rising Rents Haven’t Pumped Up Inflation”). On the other hand, Keely, Ark, Levanon, and Burbank, arguably claimed that the cost of housing property is decreasing in the US market in the recent days.

In this regard, Keely, Ark, Levanon, and Burbank argued that the buying demand of the housing property has been dramatically reduced during the last few years in the US. Contextually, several economists have believed that rising price of food and energy has influenced the demand of real-estate in a negative manner (1-49). On the other hand, Madigan claimed that rising prices of medical services, education and communication services have indirectly affected the demand of the real-estate in the US marketplace (Madigan, “Why Rising Rents Haven’t Pumped Up Inflation”).

However, Keely, Ark, Levanon, and Burbank arguably claimed that the rental demand on the US market has dramatically increased in the last few years (1-49). In this regard, it can be asserted that financial crisis and high rate of interest as well as the mortgage burden has affected the demand of the household buyers. On the contrary, it has influenced the tendency of renting residential, which has caused high inflation in the domestic market place (Madigan, “Why Rising Rents Haven’t Pumped Up Inflation”; Keely, Ark, Levanon, and Burbank 1-49).

A CRITICAL ANALYSIS AND FINDINGS Based on the above discussion, it has been recognized that the cost of real-estate property has reduced in the US market due to high rate of interest. At the same time, it has been also recognized that 38.2% of the US population are associated with mortgage household property, which signify that the tendency of buying house has been reduced among the US citizens (Keely, Ark, Levanon, and Burbank 1-49). At the same time, it has been also witnessed that the cost of medical and education services had increased by 1.7% and 1.8%, respectively within one year duration as compared to the year 2012 (Madigan, “Why Rising Rents Haven’t Pumped Up Inflation”).

Thus, a negative effect has been observed among the consumers. In this regard, in order to reduce the risk involved with the purchase of housing property and to reduce the investment burden, consumers prefer to rent household property. As an immediate effect, the cost of rent has also increased in the US. CONCLUSION According to the above study it has been recognized that during the early 21st century, the US has witnessed a dramatic change in their real-estate sector, which has affected the economy of the country adversely.

At the same time it has also influenced the price of rental property. Works Cited Keely, Louise, Bart van Ark, Gad Levanon, and Jeremy Burbank. “The Shifting Nature of U.S. Housing Demand.” Demand Institute (2012): 1-49. Print. Madigan, Kathleen. Why Rising Rents Haven’t Pumped Up Inflation. 2014. Web. 25 Oct. 2014.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Opinion on economic issue Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Opinion on economic issue Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/macro-microeconomics/1662207-opinion-on-economic-issue
(Opinion on Economic Issue Essay Example | Topics and Well Written Essays - 500 Words)
Opinion on Economic Issue Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/macro-microeconomics/1662207-opinion-on-economic-issue.
“Opinion on Economic Issue Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/macro-microeconomics/1662207-opinion-on-economic-issue.
  • Cited: 0 times

CHECK THESE SAMPLES OF Opinion on economic issue

The Business Plan for American Revival

More so, business strategies that US had set in place contributed highly towards the economic growth of US.... Name Instructor Course Date The Business Plan for American Revival After Obama won the election in 2008, there were high hopes of revival of the US economy.... After four years in power, Obama had little impact on the growth of the US economy....
4 Pages (1000 words) Book Report/Review

Corrosive Political Conflict is Holding Back US Growth

A Journal Opinion Article to Address an economic issue of Current Interest to Wall Street Journal Readers “‘Corrosive' Political Conflict Is Holding Back U.... hellip; economic outcomes strappingly depend on policy choices.... Many economic models that were made in the past failed to elucidate what is happening in the real world because they ignore politics.... There is a worldwide agreement that politics matter a lot in developing countries which implies that study of “Political Economy” plays a crucial role in economic development....
3 Pages (750 words) Essay

Journal opinion article: an economic issue of current interest to Wall Street Journal

According to figures from the Labour Department, while there is no age group which is exempted from layoffs, employees who are younger appear to be shouldering a big part of the issue.... “With Jobs Scarce, Age Becomes an issue: More Young Workers Are at Risk of Layoffs as Employers Grow Wary of Letting Older Employees Go.... Age discrimination in the work place has turned into a more significant economic matter.... The first is the evident elderly workforce and an economic recession that places employment opportunities at the best and allows business owners to be particularly choosy in the workplace (Mujtaba and Cavico 14)....
3 Pages (750 words) Essay

Burke's Distinction and Public Representation

Burke doesn't necessarily suggest that group mentality is fundamentally different than individual mentality; he simply points out that what can in one person's mind be an issue worth gathering more information about becomes an escalated, un-researched issue in the hands of an entire society at once.... Edmund Burke is responsible for the creation of a philosophical framework of thought that can be put to use in the analysis of economic and political systems anywhere in the world....
8 Pages (2000 words) Article

Opinion Polls Refer to the Collection of Peoples Views

Among the issues given the priority include economic recovery, crude oil and its product's ever-rising prices, and the main contest, the ability to retrieve British troops in Iraq and other countries in the Middle East.... This essay "opinion Polls" is about ways in which the views are collected include short message service, phone-ins, voting via the internet, questionnaire, and interviews.... hellip; opinion polls refer to the collection of people's views on a given subject that directly affects them or is relative to their surroundings....
11 Pages (2750 words) Essay

Location of Economic Activity

In the paper “Location of economic Activity,” the author discusses the case of Paul, who received the award for his analysis of trade activities.... He described the relationship between the short-run and long-run effects of economic policy.... They examined the driving forces behind business cycles and analyzed the temporal consistency of economic policyArea: Macroeconomics1998: Amartya Sen: Prof.... Formulation of a theory is a step-by-step scientific process, starting from opinion to stating the final theory....
2 Pages (500 words) Case Study

The economist introduction

'The Economist' gave a group of activists who were commonly referred to as the Anti-Corn Law League a voice because it was through 'The Economist' that the members of the Anti-Corn Law League were able to debate their opinion on the Corn Law and argue the reason as to why they were not convinced that the Anti-Corn-law was of any economic significance to England....
3 Pages (750 words) Essay

Do Political Elite and Media Manipulate Public Opinion

olitical InfluencesPerhaps the easiest way today to guide public opinion on a given social problem is to bring it into politics and it can easily be used to distract the public from other issues which might be more pertinent or important.... There are several forces such as political influences, technological innovations, economic changes, legal demands, the influence of the media and other catalysts which drive how a public opinion about an issue can be driven in one direction or another to demand action from the people at large (Hill, 2003)....
9 Pages (2250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us