Page 25 - Workbook3E

Where Future Housing Is Headed
There are three important aspects to consider in purchasing your home.
1. The cost of housing
2. Where you live
3. Future trends in housing
In recent years, we have all seen the devastating effects of recession and have watched as prices of homes plummeted. The cost of housing is starting to trend back upward but it may be awhile before the value of your home gets back to where it was in 2008. Sometimes local factors cause the price of housing to go down but the long term trend has been upward.
Where you live is an important consideration. “Location, location, location” has often been stated as the three most important issues in choosing your home. It affects the value of your home, your standard of living, neighbors, commute, schools, community, etc.
Since the industrial revolution, there have been cycles of people moving between the cities and more rural settings. These trends vary depending on job availability and cultural lifestyle changes. At times there’s been greater interest and pressure to move to a rural setting, to get out of the “rat-race.” Other times there’s a trend toward the city and its increased job and activity possibilities. These trends affect housing prices up or down depending on the direction of the current movement.
You need to consider where and how you’ll live in the future. Be watchful and responsive to changing trends. Your home and quality of life will be affected in ways you can’t always predict, so keep abreast of the latest developments.
Future trends in housing have always interested people. Architects, social, and city planners, often speculate about the shape of the home of tomorrow. Houses hold a unique position within society by reflecting current values and trends in families and communities. The nature of the occupants, and the quality of life they enjoy, is often reflected in how and where a family lives.
Recently, the traditional house has become less and less the focus of family activity and identity. With increased outside activities and interests, people are spending less time at home. Although some see the role of the home becoming more functional, where both work and social activities take place.
Four Key Focus Areas
”It seems that many people these days are building new homes on the outskirts of their incomes. “
~ Anonymous
“Dear, you may be part of the rat race, but your not dragging us with you.”
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