Demand For Owner Occupied Housing

Demand For Owner Occupied Housing In this assignment I am going to explain the economic concept of Owner occupied Residential. The assignment generally includes examples and graphical analyses to demonstrate the issues that will affect the owner occupied residential market. The housing market of any country or places is determined by a range of demand and supply factors. There is always a demand for housing; the main reason for that is mainly due to population growth, the life expectancy rates improved, and also the incline of one person household. Furthermore, as the demand is high consequently there also will be a supply. Owner occupied sector means that the householder who ultimately live and own at the same property. The property types can differentiate as house, flats, apartment, bungalows and etc. The non- price determinant factors affecting the supply to change: Construction Cost Government Legislation Government Polices i.e. tax benefits or building social housing Building Technology Supply for owner occupied housing: The supply curve is upward sloping, but to determine the supply for housing, it is mostly decide by the house prices; therefore when house prices are high, this will encourage more people to built houses and the curve will shift itself as an increase or decrease in supply. For example, when advance building technology takes place, it is a way that can reduce the cost on building houses, and increasing the revenue for suppliers, the supply curve S1 will ultimately shift to the right S2, as shown in graph 1.0, this represents an increase in the quantity supply at each and every price such as using the prefabrication technique, it will reduce the construction period and labour cost comparing with the in-situ technique. In another hand when the cost of the building houses increase, i.e. when the availability of labour are less, it will raise the labour cost. This will lead the supply decrease, and to apply this to the graph 1.0, the supply curve S1 will then shift to the left S3. http://www.tutor2u.net/economics/revision-notes/as-markets-supply_clip_image002.gif The non- price determinant factor affecting demand to change: The current price of housing Income and life expectations rates of change Statistics of the number of households Government polices i.e. tax benefits or building social housing Mortgage and interest rates Demand for owner occupied housing: The demand curve is downward sloping from left to right and when demand curve shift to the right or left it will represents an increase or decrease of demand. Through graph 1.1, the demand curve D shift to the right D1 indicates that when there is more demand on properties. This fact can be achieve by the non-price determinant factor, i.e. when mortgage interest rates are low, it will made the property more affordable, and also increasing the demand. In another hand, to decrease the demand will depends on the non-price determinant, i.e. When prices of housing are expected to fall the quantity demand will decrease because buyers will wait for a lower prices and therefore will decrease the demand which will shift the demand curve onto the left D to D2. `http://www.tutor2u.net/economics/revision-notes/as-markets-demand_clip_image006.gif Elasticity of Demand: Elastic Demand: Elasticity of demand shows the changes to demand in relation to the price. Elastic demand means the price will not change much, but the quantity of the demand will have a higher rate. Properties which are elastic are normally luxury and it has a very competitive market and many alternatives. Diagram: Elastic Demand Curve Inelastic Demand: The demand curve in inelastic demand is steep, and it is dictated by the quantity of demand does not change to the same amount as the price do. Therefore, the more inelastic the demand is the more steeper the curve is. In a short term run, when the price of house increased, the demand will be inelastic as there are no other choices and it requires time to find other close substitutes. Diagram: Inelastic Demand Curve Perfectly Elastic Demand: Perfectly elastic demand shows a horizontal line. This means that elasticity in demand is perfect, the reason for that is when there is any change in price and the demand slightly decline or nothing, then the price elasticity of the product is infinity. For example, when the supplier increases the price above the market equilibrium the demand will evaporates as the buyers will choose the cheaper option. Diagram: Perfectly Elastic Demand Curve Perfectly Inelastic Demand: Perfectly inelastic demand consist a straight vertical demand curve and it represent zero elasticity at any price. This indicates quantity of demand will remain the same and does not depend on any change in price. Generally, perfectly inelastic demand will take place while buyers have no choice in the consumption of a good. Diagram: Perfectly Inelastic Demand Curve Elasticity of Supply: Inelastic Supply: When the quantity of supply is less than the increase in price, then the price elasticity is described as inelastic. According to graph 10000 the supply curve is shallow due to the given change in price there is a smaller change in supply. For example when government have announced to build more social housing, the houses will not be constructed immediately, because it takes time for the legal complexities, obtaining planning permission and also the construction period. In the short term the construction are price inelastic and this will classified as supply inelastic. Diagram: Inelastic Supply Curve Elastic Supply: When the quantity of supply is greater than increase in price, then the price elasticity is described as elastic. The curve which is shown in figure 1000 indicates for a given change in price there is a greater change in supply. The most important issue to determine the supply whether is elastic or inelastic, time tends to be the main matter, in long term supply the quantity of houses will increase and it will therefore becoming more elastic. Diagram: Elastic Supply Curve Perfectly Elastic Supply: The supply curve is horizontal due to the quantity supplied does not affect with the price fluctuations. The firm can supply an unlimited amount of product at that price. Perfectly Inelastic Supply: The supply curve is vertical as the quantity of the product remains steady and it is produce regardless on any price. For example, land is perfectly inelastic supply due to houses price increase and the land supply remains the same. Areas that are not developed can built up, in addition developed areas can also change its land use, however these are time consuming. http://www.bized.co.uk/sites/bized/files/images/diagrams/small/pes_0.gif FOUNDATION, n.d. Construction Sample [Online]. Available at: https://environment7.uwe.ac.uk/resources/constructionsample/cd_hybrid_mini/topic_foundations/foundationtest.pdf [Accessed 2nd January 2013] ENCONOMICS HELP, n.d. Price Elasticity of Supply [Online]. Available at: http://www.economicshelp.org/microessays/equilibrium/elasticity-supply.html [Accessed 2013] BIZED, 2001. Perfectly Inelastic Supply Curve [Online]. Available at: http://www.bized.co.uk/reference/diagrams/Perfectly-Inelastic-Supply-Curve [Accessed 2013] TUTOR2U, n.d. Demand and Supply for Housing [Online]. Available at: http://tutor2u.net/economics/content/topics/housing/housing_demand_supply.htm [Accessed 2013] SLIDESHARE, n.d. Real Estate Market Dynamics [Online]. Available at: http://www.slideshare.net/elitedealmaker/real-estate-market-dynamics-6712039 [Accessed 2013] PARLIAMENT UK, n.d. Housing Supply and Demand [Online]. Available at: http://www.parliament.uk/documents/commons/lib/research/key_issues/Key-Issues-Housing-supply-and-demand.pdf [Accessed 2013] WEST BERKSHIRE COUNCIL, 2007. Drivers of the Housing Market [Online]. Available at: http://www.westberks.gov.uk/CHttpHandler.ashx?id=14178p=0 [Accessed 2013] ENCONOMICS ONLINE, n.d. The Housing Market [Online]. Available at: http://www.economicsonline.co.uk/Competitive_markets/The_housing_market.html [Accessed 2013] TUTOR2U, n.d. Understanding Supply [Online Image]. Available at: http://www.google.com/imgres?um=1hl=zh-TWsafe=activesa=Ntbo=dbiw=1061bih=877tbm=ischtbnid=R4gRjLTiE6LwRM:imgrefurl=http://www.tutor2u.net/economics/revision-notes/as-markets-supply.htmldocid=AoEfVEaeh4TdzMimgurl=http://www.tutor2u.net/economics/revision-notes/as-markets-supply_clip_image002.gifw=638h=481ei=-ncFUfW3I9SXhQfP4oGQBgzoom=1ved=1t:3588,r:6,s:0,i:96iact=rcdur=1614sig=100585240784303594567page=1tbnh=187tbnw=256start=0ndsp=17tx=123ty=89 [Accessed 2013] 21ST CENTURY LEARNING, n.d Understanding Demand [Online Image]. Available at: http://www.google.com/imgres?start=131um=1hl=zh-TWsafe=activesa=Ntbo=dbiw=1061bih=877tbm=ischtbnid=HmWyNf1UYY0xiM:imgrefurl=http://21stcenturylearning.sharepoint.com/Pages/Eco4Demand.aspxdocid=e8sXSzDr4_u-kMimgurl=http://www.tutor2u.net/economics/revision-notes/as-markets-demand_clip_image006.gifw=626h=452ei=LIcFUdr3MaLX0QWpyIDQDAzoom=1ved=1t:3588,r:40,s:100,i:124iact=rcdur=610sig=100585240784303594567page=7tbnh=172tbnw=253ndsp=20tx=164ty=60 [Accessed 2013] BIZED, n.d. Perfectly Inelastic Supply Curve [Online Image]. Available at: http://www.google.com/imgres?um=1hl=zh-TWsafe=activesa=Ntbo=dbiw=1061bih=877tbm=ischtbnid=5kwQZzlnCUzHAM:imgrefurl=http://www.bized.co.uk/reference/diagrams/Perfectly-Inelastic-Supply-Curvedocid=MFG6fGYhpV5IUMimgurl=http://www.bized.co.uk/sites/bized/files/images/diagrams/small/pes_0.gifw=341h=199ei=QOQFUbixOpGN0wX08oHQBAzoom=1ved=1t:3588,r:5,s:0,i:93iact=rcdur=665sig=100585240784303594567page=1tbnh=159tbnw=272start=0ndsp=17tx=134ty=54 [Accessed 2013] BUZZLE, 2011. Perfectly Inelastic Supply [Online]. Available at: http://www.buzzle.com/articles/perfectly-inelastic-supply.html [Accessed 2013] INFOCHEESE, 2008. Elasticity of Demand of Housing [Online]. Available at: http://www.infocheese.com/elasticityofdemandhousing.html [Accessed 2013] BIZED, 2001. Perfectly Elastic Demand [Online]. Available at: http://www.bized.co.uk/reference/diagrams/Perfectly-Elastic-Demand-Curve [Accessed 2013] Myers, D., 2004. Construction Economics: A New Approach. United Kingdom: Routledge

Netflix Inc. Essay -- essays research papers

Netflix Inc. Company Background Netflix Inc. incorporated in 1997 and made its first public offering in 2002. Netflix is an online movie rental service which provides its 3,000,000 subscribers access to over 40,000 DVD titles. Although Netflix stocks nearly every title available on DVD, it does not stock titles containing adult content. The Netflix program allows subscribers to rent as many DVD’s as they want, and keep them for as long as they want. Three DVD’s can be out at a time, as soon as one is returned the next DVD on the subscriber generated movie list is shipped out. The DVD’s are delivered for free by the United States Postal Service from regional distribution centers located throughout the United States. Netflix can have most titles delivered to 90% of its subscribers within one business day of the shipping date. The company provides a personalized movie recommendation service that creates customized recommendations for the subscriber. This system is based on customer rental history and the ratings the customers provide to Netflix. The ratings system is a simple 5 star system where 1 star is equal to a bad movie and 5 stars is equal to an excellent movie. Netflix also provides decision making information to the subscriber about each movie the company provides. This information includes the length, rating, cast and crew, special features, screen formats, and plot synopses. Netflix also provides movie reviews written by Netflix editors, subscribers, and movie critics. In addition Netflix provides the average rating that other subscribers gave the title, and displays other titles that the subscriber might enjoy. Netflix has revenue sharing agreements with more than 67 studios and distributors, and also purchases titles directly from studios, distributors, and independent producers. The major competitors for Netflix are Movie Gallery, Trans World Entertainment, Blockbuster, and Intermix Media. Industry Trends Since 1999 the growth of spending on DVD purchases and rentals has been incredible. According to Alexander & Associates, â€Å"Rapidly growing consumer activity and spending has built this industry into a major market phenomenon. The DVD format for enjoying pre-recorded entertainment at home is extraordinarily popular and consumers are changing their behavior to accommodate it.† †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  The VHS market totaled nearly $20 billion... ...ble debt management by having the ability to pay its interest obligations easily. All four of these ratios show us that Netflix is in a good position to service both their long and short term debt obligations, and that they have kept their debt load low and under control. We have found that the gross, operating, and net profit margins are showing us that the company is beginning to post some gains and are improving their profitability. In addition the ROI has increased nearly 4% and the ROE has increased 7%. We see this as a responsible rate of growth which allows sales and sales revenues to keep pace with the growth of the company. By controlling their growth Netflix has been able to expand its operations and control their debt. Recommendations Although Netflix has been extremely efficient about the way they are controlling their debt load we believe that they may be missing some opportunities to expand their services. Netflix could possibly free up some cash to explore the market opportunities for service to the video game enthusiast. Other than that we really think that if Netflix keeps improving at the steady pace its going, the company will have a bright future.

Euthanasia Opposite Side Essay

Euthanasia is a relatively touchy subject and everyone has their own opinion on it. For me, I am pro-euthanasia and I believe that an individual’s right to autonomy and freedom of choice, euthanasia should be legalized in all the states. It is only fair to give someone that right because death is a private matter and should not be controlled by others. If a person autonomously chooses to end his or her life or have someone else assist them in doing so, it should be allowed. One should be free to do so as long as no harm is done to others. Moreland goes farther and gives an argument dealing with autonomy stating â€Å"Since biological life is not the real, moral issue, then life is not intrinsically valuable or sacred simply because it is human life.† He goes on saying that the more important aspect would be biological life, which deals with autonomy (Moreland). There are many people who are stuck in hospital beds for months, even years, wired with tubes unable to move from where they lay. They slowly die in a long painful death unable to do anything, while family members watch in agony as their loved one withers away. What an undignified way to die, a slow painful death, too sad to watch. We can prevent this if euthanasia was in place. Euthanasia can quickly and humanely end a patients suffering allowing them to die with dig nity (Euthanasia). Not only does this help patients die a more painless death, it also can help shorten the grief and suffering or the patients loved ones. Illness can take away the ability to make choices leaving people with no quality of life. Euthanasia allows that person to take back the control in deciding whether to live or to die (White). A different way to see it is to compare it to our animals. Most people would have their pets put down if they were suffering. It would be unbearable to watch your pet slowly die, rather than having a quick death. Why can’t the same thing happen with humans? It is almost like animals get a special treatment compared to us. The argument of mercy is when a person is allowed to terminate his or her life in an act of kindness (Moreland). Is it morally wrong to kill someone who is terminally ill? I will give you another scenario to think about. â€Å"A patient has disseminated cancer, cannot move in his bed for pain, cannot eat because of nausea and has difficulty breathing because of the restrictive effect of a large quantity of intra-abdominal fluid† (Gillett 62). If the man is begging to be killed, would you not? The argument of mercy would prove that this is cruel and inhumane. A quiet painless way to die from a fatal injection is better than being in pain from an affliction, also known as the golden rule (Moreland). Freedom of choice is as American as the bald eagle but yet do we all really have that type of freedom? My answer is a big no. Only three states have euthanasia in place and they are Oregon, Washington, and Montana. But even in these three states it was almost impossible to be granted for euthanasia. The requirements that had to be satisfied before a request could be granted were so steep that only 2 people a month used this to end their lives (Pro Euthanasia Arguments). Some of these conditions included: patient must be terminally ill with a life expectancy of less than six months, both doctors must confirm that the patient is capable of making this decision, both doctors must confirm that the patient does not have medical condition that impairs their judgment, and patient must self-administer the lethal medication (Pro Euthanasia Arguments). Is regulating euthanasia impossible? I must admit it would be very difficult but it is indeed possible. Again take a look at the three states t hat have euthanasia. Physical assisted suicide is usually what would happen to patients in hospitals if they cannot do it on their own. A doctor or nurse would inject the patient with a lethal dose causing them to die or some type of medication (Bourdeau). The terminally ill will get the rights they want and more control of their destiny. Euthanasia promotes the best interests of everyone concerned and violates no one’s rights (Moreland). The last thing I wanted to talk about was that euthanasia does free up scarce resources in the hospital (Pro Euthanasia Arguments). Keeping loved ones alive in hospitals uses up a lot of money as well as resources the hospital has to provide. We can direct the equipment to someone else who has a better chance of living rather than a terminally ill patient who will be stuck in the hospital. Euthanasia should be morally accepted and legalized in all states because of the freedom of choice that Americans have. The pain and suffering patients go through coupled with their loved ones seeing them in a shameful manner can all be stopped if euthanasia is passed. Regulating euthanasia should not be too much of a challenge as well since we do have a few states that already have it. The scarce resources that are used to keep the terminally ill barely alive can be used to help aid others live a better lifestyle. In general euthanasia should be looked at as a right we all have considering we are fully autonomous. If one has the right to life does one not have the right to death? Works Cited Bourdreau, Donald, MD. â€Å"Physician-Assisted Suicide and Euthanasia.† The Permanente Journal. N.p., Fall 2011. Web. 15 Nov. 2012. . â€Å"Euthanasia.† Rsrevision. N.p., 2011. Web. 15 Nov. 2012. . Gillett, Grant. â€Å"Euthanasia, Letting Die and the Pause.† JSTOR. N.p., June 1988. Web. 16 Nov. 2012. . Moreland, J. P. â€Å"Euthanasia Arguments.† CRI Euthanasia Arguments Comments. N.p., 17 Apr. 2009. Web. 16 Nov. 2012. . â€Å"Pro-Euthanasia Arguments.† BBC News. BBC, n.d. Web. 15 Nov. 2012. . Smith, Candance. â€Å"Physician-Assisted Suicide: A Topic of Growing Importance.† The Society Pages. N.p., 31 July 2012. Web. 15 Nov. 2012. . White, Hilary. â€Å"British Medical Journal Campaigns for Legalized Euthanasia.† LifeSiteNews. N.p., 18 June 2012. Web. 16 Nov. 2012. .

Major Milestones in Ending Segregation in the U.S.