 Affordable HousingChapter 2 in Housing Finance Systems, 2013, pp 9-23 from Palgrave Macmillan Abstract: Abstract Housing is not “just another commodity”. It is distinguished from most other goods by its heterogeneity, its durability and the high transaction costs of moving. Because of this heterogeneity, it is a challenging task to define what is meant by a unit of housing for purposes of comparison across space and time. Individual dwelling units differ in size, layout, style, utilities and the quality of the interior and the exterior. Choice of housing also involves choice of neighborhood and location, choices which in turn impact access to jobs, schools, local public goods, social networks and amenities, as well as environmental quality. The United Nations Human Settlements Programme (UN-HABITAT) has as its most laudable mission “to promote socially and environmentally sustainable human settlements development and the achievement of adequate shelter for all”. Given its heterogeneity, the “right to adequate shelter” has been defined by the UN to comprise seven key criteria: legal security of tenure; availability of services, materials, facilities and infrastructure; affordability; habitability; accessibility; Keywords: Interest Rate; House Price; Housing Market; Housing Affordability; Mortgage Loan (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-01403-0_2 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.