Analysis of Housing Affordability and the Impact of Housing Stress on tWell-Being in the Case of Selected Blocks of Yeka Abado CONDOMINIUM Addis Ababa
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Date
2024-06-01
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Addis Ababa University
Abstract
Most researches indicate that despite several efforts to reduce housing demand in Addis Ababa, Ethiopia, the housing price, rent, and mortgage prices are considered beyond the capacity of the many city dwellers. For this clear reason, affordable housing in all tenure types is considered unattainable in many cases of households. Some research indications seem that housing stress is affecting the well-being of citizens. This research investigates beyond the observations and through scientific analysis of housing affordability to determine the scale of housing affordability stress as well as the well-being of selected neighborhoods in Yeka Abado Condominium. To reach a considerable conclusion, the methodology employed includes housing affordability measurements (ratio methods), adequacy and compatibility questionnaires, analysis of the relationship between the housing affordability stress and well being, RAND SF-36 internationally accepted questionnaire is used. To further analyze longitudinal affordability additional interviews are employed. The main result of the study shows that housing unaffordability in all tenure types shows that an increased housing expenditure decreases well-being outcomes. Overall, 75% of the residents’ dwell in units that are unaffordable, inadequate, and incompatible with their needs. similarly, 45.7% for rental tenure, 38.5% for mortgage tenure, and 10% for ownership tenure housing stress was recorded. Based on the relationship of housing stress and well-being mental and social functioning have been affected by housing stress. The study further forwarded that the housing affordability issue is more complex than economic affordability. The paper also indicates that those different aspects of affordability affect the well-being of dwellers. economic affordability must be considered thoroughly by all target groups and tenure types (both the owner and tenant). Furthermore, existing beneficiaries of the IHDP program should get strategic relief and an alternative affordability housing ladder.
Keywords: housing stress, affordable housing, well being, adequacy, compatibility