DPU Working Paper - No. 115

Author: Luca Brunelli

Publication Date: 2001

Housing use value can be defined as the set of attributes of shelter that satisfy human needs in accordance with socially acceptable standards. The definition of these attributes is historically determined. It changes over time according to the evolution of needs that in turn depend on economic, social and cultural factors.

People with adequate financial resources can usually choose which housing (use value) better suits their needs. Conversely, those who cannot afford to purchase a house in the market either live in inadequate dwellings (shacks, slums, etc) or have to rely on state support. In this case the use value is defined and provided by society itself through state intervention. 

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