Housing is a shelter used as a dwelling or living space by individuals, families, or a collective. It provides a space for preparing food, storing belongings, caring for children and the elderly, and maintaining privacy.
Housing was a central concern of social reform movements in the 19th century when it was understood as a fundamental human need, distinct from spaces designated for work, healthcare, and education. In 1948, housing was recognized as a human right in Article 25 of the Universal Declaration of Human Rights, establishing housing as a necessary condition for an adequate standard of living. By the end of the 20th century, housing was increasingly understood as a space used for personal maintenance, rest, and leisure.
From the 1950s to 1970s, the supply of adequate housing expanded globally due to public subsidies and the direct construction of publicly owned housing. Since the 1980s, home mortgages have become the most common means worldwide for individuals and families to access housing, while governments have shifted toward facilitation of the private mortgage market The securitization of mortgage debt on a global scale since the early 2000s has further contributed to framing housing as investment property while the supply of adequate housing has continued to shrink.
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