Overview

Chapter NineCan rent subsidiary assistance influencerenters behave like homeowners If the country government implemented rent subsidiary assistance to attract its resident to pay lower rent market valuation to attract them to live. For long time, when they will live the renting appartment for one year, even more time, whether the renters will change their behaviours to feel the renting appartmentd are similar to homeowning apprtment to live in order to decide to live th renting houses long time.In fact, rent subsidiary assistance implementation has benefits to solve the housing raising prices challenge, such as Hong Kong has many people re living in this small city. But, the housing prices are continue rising. Hong Kong property developers aim to earn more profits when they can sell many houses. Although, these property developers feel Hong Kong has many people who will need to buy houses to live. When Hong Kong has many people demand houses to live. But, the private houses are limited to build to supply to satisfy their living needs. So, the Hong Kong property developers will raise housing sale prices or housing rent prices in order to sell or rent to them to earn more profits. As this Hong Kong housing case, if Hong Kong government can implement rent subsidiary assistance policy to let many Hong Kong resident to pay lower market rent valuation to rent any private houses or public houses to live. Then, it can possible encourage many Hong Kong people to choos to rent appartments to live in Hong Kong. The housing welfare to Hong Kong people which will cause many Hong Kong resident do not choose to buy houses to live in Hong Kong. They will be possible to choose to pay lower rent subsidiary expenditure to rent to rent either low quality of public houses ( HK government owning) or high quality of private houses ( private property developers owning) to live in Hong Kong in possible. If rent subsidiary assistance can change Hong Kong resident to choose to rent houses to live, it can also bring renting housing shortage challenge in Hong Kong. Because Hong Kong resident only hope to pay long term rent to rent any appartment to live in Hong Kong. When the renter feels the appartment is old or another reasons cause the renter expects to find another new appartment to rent to live. Due to Hong Kong government can provide rent subsidiay assistance, then it is possible to encourage the Hong Kong renters only choose to rent any appartment to live in Hong Kong long time. Hence, many Hong Kong resident won't need to borrow mortage loan to pay installment to buy any houses to live, if they choose to pay long term low market rent valuation to the landlords ( private house owners) or the Hong Kong government ( public house owner) to live in Hong Kong.It brings this question: Can rent subsidiary assistance change renters behave like homeowners?I shall give evidences to explain as below: Many countries, e.g. UK, US developed countries have restrictions expanded to majority, center central cities, where high house prices threatn the well being of not only most residents, but the nation's economy as a whole. So, all US, UK have restrictions housing sale prices limited to manage th property sellers' house sale prices to avoid householders feel burden when they choose to buy any houses or mortgage loans to pay installments to any houses in US or UK both property markets.Why do the US, UK housing become to hard to build in these traditionally development, friendly cities, Such as New York, Washington, London big cities? The reason is because that despite supporting houses supply citywide in UK, US residents individually have an incentive to defect and block new housing proposed for their own neighborhood. So, it implies many UK, US residents do not hope to live their houses which are close or near to neighborhood.

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