Every human being has the right to live in a decent house, housing, like food and clothing, is a basic need. In the past, housing was a communal affair, and the community ensured that everybody had a decent house to live in. However, over the years, things have changed, and a vast number of people can no longer manage to purchase homes due to the high and rising prices for land and houses. Japan and China have both experienced high house prices in the past; both countries put in place policies to curb the situation but experienced different results. Chinese crises were experienced between 2008 and 1009while the Japanese crises were experienced from the 1980s to the 1990s.
Traditionally in the two countries, housing was viewed as a communal affair, and the community had to ensure that everybody lived in a decent house. In China, for instance, shelter had a cultural significance, and parents ensured that their sons had houses as they were a requirement for marriage. Housing was not commercialized, and hence the expense of building a house was low. However, this has changed with the commercialization of housing by investors. Homes are no longer durable and straightforward; they have to build such that it appeases the eyes of a customer and fits in a given category. China and Japan have both experienced hiking prices of houses and an increased inability to purchase homes.
China experienced high house prices between 2008 and 2009, which left the poor people in the country unable to buy or own homes. In the past, houses were regarded as social-cultural assets; however this has changed over the years with the increased commercialization of houses, making them investments. The prices of houses in China has been fluctuating with the lowest going to -5% while the highest was 15%. Generally, the curve has been on an uptrend, and the government recognized it. The booming Chinese economic growth was a significant cause of this inflation. The country has also observed increased Foreign Development Investments. Another reason for this inflation is the rapid growth in population and urban center populations. Higher housing prices have had some impacts; first, there has been an increase in rural-urban migration with some people wanting to venture it the housing business. The young people are most affected by this development, leaving the rural areas for the elderly. Increased prices have also led to a division between the rich and the poor, where only the rich can afford to buy houses.
The Chinese government put in place some policies to curb the situation that was getting out of hand. The poverty right of 2007 was among other systems the government enacted. This law said that the government would own the land, and the citizens would only purchase houses. Other policies include incentives and subsidies, Local Government House Pricing (LGHP), Economic and Comfortable Housing (ECH), and Cheap Rental Housing (CRH). After the enactment of the policies, China has experienced some breakthroughs in the fight against hiking house prices. There has been reduced house demand in the country, the ownership of houses has been reduced to 2-3 years, and they have achieved a stronger rent and purchase system.
The situation in Japan was experienced around 30 to 40 years ago and can be attributed to the flourishing technology and automobile business in the country. These industries led to higher economic growth in the country. The country’s GDP had also experienced constant growth for some years before the crises. There were several possible causes of the situation in Japan. Japan overestimated economic growth in the country. The urban population had grown over the years, increasing the demand for houses in the urban centers. The Japanese government put in some measures to curb the situation in the country. The Government Housing Loan Corporation (GHLC) was established to help the poor people in Japan help buy houses. Public rental housing (PRH) was established to help manage the rentals in the country and regulate the prices. Other enacted policies included the Japan Housing Corporation and the Basic Act of Housing (BAH). These measures helped in monitoring the demand for houses.
Though both countries acted upon recognition of the crises, there were some differences between their policies and the results achieved. The chines government focused on the economic aspects of the problems and used them to create policies, formulated long term policies, and considered their population in formulating the policies. Contrary, Japan failed to consider their community in their policy-making, formulated short term policies, and did not consider their population when formulating the policies. The results were also different as China was successful, while most of Japan’s policies flopped.
In conclusion, every person has a right to live in a decent home despite their economic, racial, ethnic, or social background. Japan and China found themselves in situations where it was difficult to meet these provisions. There two countries adopted different policies and got different results. Governments should come in during such crises to mitigate the situation and ensure everybody has access to good and decent housing. The policies should be based on the countries economic aspects and the population statistics.
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