Please enable JavaScript.
Coggle requires JavaScript to display documents.
House Price, External factors - Coggle Diagram
House Price
-
Demographic
Education
Improvements in a school's test score are associated with higher home values and increased spending on residential investments.
Migration
More people live their native, move to another area.
People move to overcrowded area, this leads to increase in housing price in big city's.
People who left their native place, there home value become relatively low. (May get high in future).
Income
If the income is more, people will able to spend more on houses, this will increase demand and push up prices.
Age
People tends to live alone more than ever, some people are getting married, some wants to live on their own. This creates more housing shortage.
Race
Home owned in white neighborhoods can afford increased costs because their appreciating home values have expanded their relative wealth. But for everyone else, high housing cost are burden.
Family structure
People are separated, they are not getting marriage like they used to. They are no three generation living in the same house like they used to. Need to build more houses, which in turn rises the home value
-
-
External factors
Accommodates
Empty accommodates: Alien places where no one wants to live. Causes fall of housing price in that area
Full accommodates: places where everyone wants to live, causes rise up in house price
Near to celebrity house, increase house price more
-