Economics Unit †housing prices from different cities Essay

The appeal of housing is comm solo the reflection of the cherish of the land plus the price of the bear and the amenities that come with it. This is very much adverted by whats around the place, the nearest recreation areas or sceneries. This affects how housing is priced, and is similarly usu on the wholey affected by the cut and want of the land. Because of this, at that place are discordant considerations when choosing where to have a house, including the total cost and what youll actually get from it.Usually, these prices also vary from city to city, as it is know that non all cities are the same regarding what you get from the housing deals, the likes of the nearest public transportation, market, and schools. These all appeals to the needs of the community, and these are usually the ones that affect the pricing. The housing prices are directly affected by the changes in supply and demand of the land. This is because of the developments done in housing, wherein house prices are thoroughly base on the value of the amenities that are directly available in the propinquity (Nelson).Because of this ontogenesis in demand, there will be an amplification in the competition for the houses, since there are a lot of people wanting the same thing, and that is a good housing. As a arrive of residents are acquiring homes, the more the managers of the land would try and make trustworthy to provide benefits for these residents. This includes superfluous security, recreation areas and shopping areas for the people. They are not only investing on the housing that they are being sold, but also with the things that come with it that would surely benefit the people.This is how the housing value is affected when there is an increase in demand it is not only because you have to increase the price when a lot of people demand for housing in a specific city or area, it is also because of the increase in the services that one should provide for these increasing nu mber of residents. The cost of those additional amenities would then be reflected in the housing price the more amenities offered, the higher the price (Duca). Comparison of different citiesIn assign to actually see how amenities affect the price of housing, the housing situations in various cities are compared. This is by comparing the price of a 3-bedroom, 2-bath house in several cities like San Francisco, calcium Topeka, Kansas Dallas, Texas Concord, Massachusetts and Seattle, Washington. The results for the housing prices in these different cities were varying, and it is because of the added amenities that you can find available upon purchase, plus the neighborhood and the type of house.The most obvious result was between the housing of a 3-bedroom, 2-bath house in San Francisco, California and Dallas, Texas. The cost of housing in San Francisco, California ranges from $600,000 to a million US dollars. Meanwhile, the cost of housing in Dallas, Texas for a 3-bedroom, 2-bath hous e ranges from $40,000 to a hundred thousand US dollars (Realtor. com). The difference is sooner large, and this is roughly because of the amenities that are included upon purchasing these houses.Housing in Dallas, Texas doesnt offer much, wherein it is far from public transportation, and are often in subdivision areas. On the other hand, housing in San Francisco, California has amenities like community exercise and recreation areas, hill/mountain view, piss view, and so much more. Because of those differences, the prices of these housing deals are comparatively far from each(prenominal) other. These differences in housing deals travel by the people choices, wherein they are free to subscribe to what type of amenities they want in their house.Also this variety would give them a wide array of choices, either wanting a plain, not so costly house, or to a fully-packed house that would surely cost them money. Other amenities present (or lacking) in some of the houses in various citie s which could have affected their prices includes access to shopping areas/markets, nearby elementary or high schools, parks and recreation areas, and the type and quality of the house itself. With all these, the price the housing offered in the various cities is greatly varying.ReferencesDuca, J. V. (2005, September/October 2005). reservation Sense of Elevated Housing Prices. Southwest Economy Retrieved May 5, 2007, from http//www. dallasfed. org/ question/swe/2005/swe0505b. html Nelson, A. C. (2000 ). Effects of Urban Containment on Housing Prices and inflictowner Behavior. Land Lines, Volume 12(Number 3). Realtor. com. (2007). Find A Home. Retrieved May 5, 2007, from http//www. realtor. com/Default. aspx