Homeownership wk 1

Front

What is depreciation in the context of homeownership?

Back

Depreciation is a decrease in a home's value over time.

Front

What does the term 'seaboards' refer to?

Back

Seaboards refer to a region bordering the sea; the coastline.

Front

What is gentrification?

Back

Gentrification is the process of change in the character of a neighborhood through the influx of more affluent residents (the 'gentry') and investment.

Front

What does inclusionary mean in the context of housing?

Back

Inclusionary is designed or intended to provide equal access to opportunities and resources for people who might otherwise be excluded or marginalized, such as those having physical or intellectual disabilities or belonging to other minority groups.

Front

What does it mean when something is eroded?

Back

Eroded means to gradually destroy or be gradually destroyed.

Front

What factors can contribute to the depreciation of a home?

Back

Factors contributing to depreciation can include market conditions, neighborhood decline, lack of maintenance, and economic downturns.

Front

How does gentrification affect existing residents of a neighborhood?

Back

Gentrification can lead to increased property values and rents, which may displace existing residents who can no longer afford to live in the area.

Front

What are some potential benefits of inclusionary housing policies?

Back

Benefits of inclusionary housing policies include increased diversity, improved access to resources for marginalized groups, and the promotion of social equity.

Front

What is the relationship between investment and neighborhood development?

Back

Investment can lead to improvements in infrastructure, services, and housing, which can enhance the overall quality of life in a neighborhood.

Front

What are some signs of neighborhood gentrification?

Back

Signs of neighborhood gentrification include rising property values, new businesses catering to higher-income residents, and demographic shifts.