Overview
Informal housing markets are essential components of urban environments, providing shelter to millions who cannot access formal housing. These markets often arise in response to rapid urbanization and economic challenges, leading to unique social and economic dynamics. Understanding these markets is...
Key Terms
Example: Slums in major cities often qualify as informal settlements.
Example: Rapid urbanization can lead to increased informal housing.
Example: Many families in informal markets struggle with housing affordability.
Example: Friends and family often help individuals find informal housing.
Example: Zoning laws can impact the development of informal housing.
Example: Residents may band together to improve infrastructure in informal settlements.
Related Topics
Key Concepts
Informal settlementsHousing affordabilityUrbanizationSocial networks