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Housing Demand Dynamics in the Philippines Quiz

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Housing Demand Dynamics in the Philippines Quiz

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Questions and Answers

What are some constraints to acceptable housing as mentioned in the text?

Increasing availability of low-cost alternatives to homeownership

Rapidly rising ratio of unit housing cost to income (correct)

Smooth functioning of microfinance schemes

Abundance of innovative housing finance options

What factors affect housing demand in the Philippines?

Social media influence, fashion trends, and technological advancements

Government policies, employment rate, and education level

Climate, location, and household size

Income, lifecycle, price of housing, and financing availability (correct)

Based on the text, how does housing demand respond to a change in income?

Not responsive with no change on tenure

Minimally responsive with significant change on tenure

Highly responsive with minimal change on tenure (correct)

Moderately responsive with no impact on tenure

What are some limitations of the available microfinance schemes for housing mentioned in the text?

Suffer from liquidity problems and bureaucratic delays Signup and view all the answers

How are housing adjustments confined?

To basic improvements in housing facilities with minimal change on tenure Signup and view all the answers

What are some factors mentioned in the text that affect housing demand in the Philippines?

Income, lifecycle, price of housing, and financing availability Signup and view all the answers

What is a constraint to acceptable housing mentioned in the text?

Rapidly rising ratio of unit housing cost to income Signup and view all the answers

What type of housing adjustments are mentioned in the text?

Relocating to another unit and modifying existing housing Signup and view all the answers

What is a limitation of the available microfinance schemes for housing mentioned in the text?

Suffer from liquidity problems and bureaucratic delays Signup and view all the answers

What does the text suggest about the relationship between housing demand and income?

Housing demand is highly responsive to a change in income Signup and view all the answers