Essay Title: 

Analytical Review

March 19, 2016 | Author: | Posted in canadian studies, history

Analytical review

2006

Analytical review

American housing market has been an issue of interest for researchers many years . It is common truth that the term American dream ‘ refers to a dream house , but characteristics of the dream house for American public have been very different during different years . Consumers housing preferences change rapidly , and therefore require considerable research

Major theme and evidence supporting conclusions

Dowell Mayers and Elizabeth Gearin conduct research of consumer housing preferences in their article Current Preferences and Future Demand for Denser Residential Environments ‘ and [banner_entry_middle]

come to the conclusion that in future demand for denser neighborhoods is going to increase in future as the result of changes in the consumer segments . The authors support their conclusion by the fact that a large group of people- baby-boomers- is currently going to reach retirement , and their preferences are going to change radically in favor of high density and walkable neighborhoods As more and more baby-boomers grow older , the demand for these neighborhoods starts increasing dramatically

The authors argue that in the near future baby-boomers , and not younger people , will be dominating the housing market , and their preferences will be determining the major trends in it . In the article , large attention is devoted to the analysis of preferences which the segment of baby-boomers has at present and how these preferences are different from the past . According to the opinion of the researchers , as baby-boomers grow older , they become more interested in neighborhoods which provide more convenience to people living it . For example , older people do not want to commute large distances to malls , restaurants and other places where they often go . They no longer wish to live in the neighborhoods where cars determine people ‘s capabilities to reach different places Instead , they want to live in the walking distance from major places of interest . Townhouses can be very preferable solutions in such a case because they enable baby-boomers to live in the middle of the city and still possess a relatively large house . Older people are more concerned with the environment of the neighborhood they live in , and therefore they tend to prefer houses in walkable neighborhoods . They are less concerned with the availabilities of good schools in the area because their children have grown up already . Baby-boomers will no longer prefer low-density neighborhoods because they will want as many interesting places to be located close to them . They will no longer be against having various types of houses in their neighborhood , and will even welcome building of condominiums

The authors discuss other factors which could be contributing to the tendency towards growing interest of the public to higher-density walkable neighborhoods . As one of these reasons , they cite changes in the nation ‘s culture towards coffee ‘ culture , when consumers no longer want to live in large distances from the major city because they want to participate in the city ‘s busy life . The fact that the level of crime has been decreasing during the recent years is another reason of… [banner_entry_footer]

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