Professional Documents
Culture Documents
University of Mindanao
Davao City
LOMARDA, LESLIE C.
Housing is one of the crucial challenges in the country. Decent housing is not even
easy to find, even housing alternatives are also limited. This problem does not only affect
poor households, but even other socio-economic status also finds it hard to secure a decent
home. The socio-economic status of a household contributed a notable role in determining a
household level of living standard. A Households socio-economic status describes the social
standing in the society that is often measured in income, occupation, and education (Mehdi et
al, 2009) moreover, the differences discovered between rural and urban family with economic
status classification by identifying it through expenditure and asset indices (Chuma, 2009)
Each society has an identity that is formed by the people’s cultural ideals (Adedayo,2010)
Research conducted in Ibadan concluded that Socio-economic factors contributed a
large influence on the social status of consumers and exerted influence on consumer demand
on residential neighborhoods. Concluding that the demand for residential neighborhoods in
Ibadan has possibilities to be explained by the socio-economic status. (Akinyode, 2015)
People in New York that are classified as poor are living disproportionately in the central
cities just because of their socio-economic status (Glaeser, Kahn, & Rappaport, 2008).
Ndubueze (2009) asserted that by the process of filtering, it creates another market solution
when it comes to gradual release of sufficient housing for low-income households by the
move of the more affluent household when they vacate for better ones.
Residents' perspectives should be considered when making decisions about their
living environment, as they are best suited to determining their own needs. In the light of this,
Martinez et al (2007) argued that resident’s must not only be part of it but also be the center
of it in terms of showing level of control in decision-making. A market that responds to the
housing needs of the different social classes and including the in the process of decision
making through providing more decent and costly housing, there could be changes in the
whole social economic classes’ households moving and accelerating into a more decent
housing. However, it is dependent on housing affordability.
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