My Blog
Budgeting
Written by Margaret Johnson | Wednesday, 18 January 2012
Shelter
The shelter expense for family budgets is one of the most misunderstood categories of all. Why? Because we are told we have total control over the choices available.
The first and second issues are inseparably linked: availability and affordability.
Availability
Where do you live? Actually, the questions is, “What geographical location do you reside? Are you in a remote community, a large urban centre, a rural setting? These situations dictate price and availability.
In larger urban centres there may be appear to be more choices but vacancy rates determine availability as market conditions (supply and demand) affect house prices.
In other words, urban centres tend to be more complicated. Where you live may depend upon the need for schools, access to public transit or the worksite.
Now that we are finished this short summary of issues we do not fully control, we move on to affordability.
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