Topic > An analysis of the effects of the real estate market...

I. Introduction The housing demographics of low-income communities have large effects on the residents who live in those areas. The goal of this report is to shed light on how the real estate market in the city of Oakland impacts current and future residents. To analyze the effects, I examine several factors within the real estate market. There are several factors that explain why cities similar to Oakland are continually impoverished and deprived. Some of the factors that explain why cities like Oakland stagnate and remain impoverished are the income distribution and poverty levels of Oakland residents over the past decade, rising rents and/or housing spending, and the current condition of the real estate assets. Together, these factors illustrate the lack of housing available for rent to families, despite the increasing number of vacancies during the decade. This could lead to further degradation of the city of Oakland and migration from Oakland. Among many others, these factors within the housing market are important in our analysis of why impoverished communities remain poor, because residents have little or no upward economic mobility to support themselves.II. Data and MethodsThe US Census Bureau and the American Community Survey (ACS) serve as the primary datasets for this report. The U.S. Census Bureau “consists of 813 detailed tables of social, economic, and housing characteristics from the 2000 Census, compiled from a sample of approximately 19 million housing units (about 1 in 6 households) [of nine major races] that received the long-form census of the 2000 census. questionnaire” (1) while the ACS annually conducts a sample covering topics such as “education level, income, health insurance coverage, occupation, language…… half of the paper……re residents and the city in the long term.Works Cited1. United States Census Bureau. “2000 United States Census: Summary File 3.” . Accessed 31 March 2014.2. United States Census Bureau. “American Community Survey Triennial Estimates 2008-2010.” Accessed 31 March 2014.3. US Census Bureau; 2010 Census, summary file 3; using American FactFinder; ; (March 30, 2014).4. US Census Bureau; American Community Survey, three-year estimates from the 2010 American Community Survey; using American FactFinder; ; (March 28, 2014).5. United States Census Bureau. Income, poverty, and health insurance coverage in the United States: 2010. Report. . P. 15. Accessed April 2 2014.