Non-market Housing Or Social Housing

Question

1. Explain what is meant by ‘non-market housing’ and by what means it is delivered in either the UK or a country of your choice. What problems arise in its delivery?
2. Outline the arguments why support for such housing is given by direct provision rather than by cash handouts without strings. Explain how such provision conflicts with economic principles.
3. Explain the factors that determine the level of rents of social housing.

Summary

The above questions belong to economics, particularly macroeconomics. The questions are about non-market housing or social housing. Non-market or social housing is different from the regular housing market and supply, as under non-market housing, housing is provided mostly to economically backward classes in societies. The main aim is not to sell but to provide cheap or affordable housing solution to the poor. The solution further discusses the concept.

Total word count is 1897