Prevalence of Unfinished Houses in Developing Economies
In many poorer countries, the sight of unfinished houses is extremely common. This phenomenon is a direct result of households using incremental construction as a primary investment and savings strategy, especially when they lack access to formal financing like mortgages. Families build their homes piece by piece over many years, as and when they can afford to buy materials.
0
1
Tags
Economics
Economy
Ch.6 The financial sector: Debt, money, and financial markets - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
CORE Econ
Social Science
Empirical Science
Science
Related
Prevalence of Unfinished Houses in Developing Economies
An economist observes that in a particular developing country, it is common to see many houses that are partially built, with families living in them and adding rooms or floors over several years. Which of the following economic conditions is the most likely underlying cause of this specific construction pattern?
Evaluating a Household Investment Strategy
Household Savings and Construction Strategy
Rationale for Phased Construction
Kwame's Use of a Susu for Land Purchase and Incremental Building
Kwame's Use of a Susu for Land Purchase and Incremental Building