Chapter 9, Problem 9.1PQ1

Summary Introduction

To explain:

The way person’s employment and household situation influence the selection of housing.

Introduction: Housing refers to the infrastructure or a building where a family or an individual lives. It is among one of the necessities of people and there the people should able to meet the federal regulations. Housing includes huge amount to be involved which makes it as an investment.

Answer to Problem 9.1PQ1

Solution:

The person’s employment and household situation is directly related to the selection of housing which implies greater house selection for greater employment level and greater household needs.

Explanation of Solution

An employed person with greater household needs would require greater housing facility.

• The increase in employment level would imply greater level of income, and the greater level of income would mean a person’s greater ability to buy or select the bigger house.
• The greater amount of household need would mean greater expenses and more number of people in a family which would require bigger space to live, so greater or bigger home would be selected.

Thus, the greater employment level and greater household needs would influence the selection of greater house selection and vice versa.