2015 DSSG Data Fest: Team Infonavit

Computation Institute
1 Sept 201503:27

Summary

TLDRThe video presentation focuses on the issue of home abandonment in Mexico, where many low-income families leave their homes shortly after purchase. The team visited neighborhoods like Zumpango, built to provide affordable housing, and discovered 200,000 abandoned homes across the country. These families, after investing significant savings, leave due to factors like distance to work and schools. Working with Infonavit, a major mortgage provider, the team developed a tool to predict areas at risk of home abandonment, allowing for earlier intervention and urban regeneration efforts, ultimately helping families stay in their homes.

Takeaways

  • 🏠 Mexican workers contribute to a savings account from their first day of work to eventually buy a home for their families.
  • πŸšͺ 1 in 20 homeowners in Mexico abandon their homes within the first year.
  • πŸ‘₯ The team presenting includes 'the other,' Su, ND, Romano, Paul, and the speaker themselves.
  • 🏘️ The team visited San Pango, a neighborhood near Mexico City, built for low-income families to access affordable housing.
  • πŸ’” Despite their dreams, many families find homeownership disappointing and eventually leave their homes.
  • πŸ“‰ There are around 200,000 abandoned homes across Mexico, leaving about a million people affected.
  • πŸ’Έ Families often lose six months' worth of savings and down payments when abandoning their homes.
  • 🏦 Infonavit, a public-private institution, provides 75% of mortgages for low-income families, playing a critical role in housing.
  • πŸ“Š The team's application predicts neighborhoods at high risk of home abandonment, allowing for earlier intervention in urban regeneration.
  • πŸšΆβ€β™€οΈ Distance to primary schools and workplaces are major factors contributing to home abandonment, especially in areas far from city centers.

Q & A

  • What is the main problem being addressed in the presentation?

    -The presentation addresses the issue of home abandonment in Mexico, where many families abandon their homes shortly after purchasing them due to various factors such as distance from essential services.

  • How many homes have been abandoned in Mexico according to the presentation?

    -The presentation states that there are 200,000 abandoned houses spread across Mexico.

  • What is the financial impact on families when they abandon their homes?

    -When families abandon their homes, they leave behind six months' worth of savings and all their down payments, causing significant financial loss.

  • What organization is working with the team to address this issue?

    -The team worked with Infonavit, a public-private institution that provides loans to low-income families for housing.

  • What percentage of the mortgage market does Infonavit account for?

    -Infonavit accounts for roughly 75% of the mortgage market in Mexico.

  • What solution did the team provide to address the issue of home abandonment?

    -The team provided an application that predicts which neighborhoods will be at high risk of home abandonment in the next year, allowing for urban regeneration efforts to start earlier.

  • What was found to be the most important factor influencing home abandonment?

    -The distance to essential services, such as primary schools and workplaces, was found to be the most important factor influencing home abandonment.

  • Why was the neighborhood of Sumpango mentioned in the presentation?

    -Sumpango, a neighborhood 50 kilometers outside of Mexico City, was mentioned because it exemplifies the problem where families cannot afford the long commute to work or school, leading them to abandon their homes.

  • What is the goal of the tool developed by the team?

    -The goal of the tool is to help predict high-risk neighborhoods for home abandonment and enable early intervention, allowing families to make better decisions about staying in their homes.

  • What emotional impact does the team hope to achieve with their solution?

    -The team hopes that by helping families remain in their homes, they can create stable communities where the cheerful sounds of children can be heard in the neighborhoods for many years.

Outlines

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Mindmap

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Keywords

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Highlights

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Transcripts

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Related Tags
home abandonmentMexico housingurban regenerationlow-income familiesmortgage solutionsabandoned homesurban planningdistance factorsaffordable housingsocioeconomic impact