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Concept
Housing
Summary
Housing, or more generally, living spaces, refers to the construction and assigned usage of houses or buildings individually or collectively, for the purpose of shelter. Housing is a basic human need, and it plays a critical role in shaping the quality of life for individuals, families, and communities.
Housing ensures that members of society have a place to live, whether it is a home or some kind of physical structure for dwelling, lodging or shelter and it includes a range of options from apartments and houses to temporary shelters and emergency accommodations. Access to safe, affordable, and stable housing is essential for a person's health, safety, and well-being. Housing can also impact a person's economic, social, and cultural opportunities, as it influences their access to education, employment, healthcare, and social networks. In many countries, housing policies and programs have been developed to address issues related to affordability, quality, and availability, and to ensure that everyone has access to decent housing. Some have one or more housing authorities, sometimes also called a housing ministry or housing department.
In general there are two types of housing, market housing and non-market housing. While Market housing consists of apartments, condominiums, private housing, etc. Non-market housing consists of public, social, and cooperative housing among others. Market housing refers to housing that is bought and sold on the open market, with prices and rents determined by supply and demand. This type of housing is typically owned by private individuals or corporations, and the rental rates are determined by the landlord based on the local market conditions. Non-market housing, on the other hand, refers to housing that is provided and managed by the government or non-profit organizations, with the goal of providing affordable housing options to individuals or families with low to moderate incomes. This type of housing is typically subsidized, meaning that the rent is lower than the market rate, and tenants may be eligible for rent assistance programs.
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