Speaking In The Context Of New Zealand †Myassignmenthelp.Com

Question: How Do Tenants Demonstrate That They Have Ontological Security? Answer: Introducation Speaking in the context of New Zealand, Ontological security is influenced by several factors like society, relations, gender. It seems that people depend largely upon the real estate agents for the house purchasing decisions. Apart from this, the female folk of the families takes the major decisions keeping in mind several emotional factors which as per them will keep the family secure. There are also different factors that affect the tenants while purchasing houses and some of these factors have been led down by Levy Lawrence Murphy. One among them is emotional and contextual behavior. It is also a proven fact that people tend to be happier in their own houses than the owner-occupied houses (Herald on Sunday, 2012). However, the question that arises is how much happier the people actually are. It is largely evident from the Herald On Sunday article, how much pain and tension the tenants of the state housing blocks often suffer through. This happens when their houses are seized away by the Government. It has been heard from various inmates like Glenda Connon, Moepai Temata, who were totally devastated with this news that they will have to vacate their houses soon and will be shifted elsewhere. They have no idea about the new places that they will be shifted to; hence they are haunted by thoughts of an unsure future. (Miller, 2017) Using material from Murphy and Levy (2012) and Levy et al. (2008), critically examine the notion that housing markets are rational. House purchasing is one of the very crucial decisions that people take in their lives. It is also important because people have to invest their lifelong savings in this. Hence, the property estate agents say that house purchasing decision is one of the most rational decisions that people take in their lives. This decision is also self-regulating, in other words, it is something that depends wholly on the decisions of the purchasers (Levy, Murphy Lee 2008). As per the opinion of the real estate agents of New Zealand is concerned, they say that the adult female members usually make the final selection of the properties. It is also quite rational because they give much priority to the emotions and the family requirements. It is only after she has found a home that she considers to be right for all the family needs, she asks her husband to visit it. The husbands are usually busy working and do not get much time to visit the houses. However, in the contemporary families, the decision-mak ing process is dominated either by women or by both men and women. In the traditional families, one usually will see the opposite scene, as the male members dominate the entire decision-making process, keeping in mind the logical factors and ignoring the emotional factors. It has been said that the traditional families tend to make more rational house purchasing decisions (Levy, Murphy Lee 2008). It can also be said from this paper, that people are often driven by the opinions of their relatives or several other social constraints while buying a house. In other words, there are instances when buyers are influenced more by emotions, rather than the actual real facts and possibilities. However, the agents are of the opinion that these emotion-driven decisions are not necessarily irrational and can often turn out to be very meaningful. There has been a thorough session of interviews both with the families and the house agents regarding the rationality of the decision-making factors. B oth sets of interviews conclude that feelings and emotions do play a major role in the final decision-making process regarding the house purchasing. These decisions are often meaningful and rational. At the end, people take into consideration all the general factors. This makes the house purchasing decision very justified and rational. Critically discuss the difference between irrational exuberance and calculative affection in housing markets. Housing Market is very special and different than several other forms of markets. Irrational Exuberance is when the decisions in the housing market are affected more by the emotions of the investors. It often happens due to over excitement and often due to fear. The investors take decisions that may turn out to be very much unfavorable for them. It basically refers to the state when the price of the houses in the housing market is not functioning properly. It does not go in line with the national housing market expectations but is influenced by the emotions of the investors (Miller, 2017). Emotions and feelings play a major role here than the justified and working reasons. On the other hand, the calculative affections are something that works on the principle of taking into consideration those reasons that are more logical in nature. They are price, future expectations etc whereas the emotional factors that often affect the purchasers decisions are- close proximity to the laundry, hospital, sufficient place for accommodating all the family members. Reference list Fox O'Mahony, L. (2013). The meaning of home: from theory to practice.International Journal of Law in the Built Environment,5(2), 156-171. Herald on Sunday. (2012, March 4). The great betrayal of our poorer folk. New Zealand Herald. Retrieved from https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1objectid=10789607. Levy, D., Murphy, L., Lee, C. K. (2008). Influences and emotions: exploring family decision-making processes when buying a house.Housing Studies,23(2), 271-289. Miller, C. (2017, April 15). Home truths: False hopes and downsized dreams. New Zealand Herald. Retrieved from https://www.nzherald.co.nz/residential-property/news/article.cfm?c_id=76objectid=11836224