housing needs
Example of physical needs housing meets
shelter, food, sleep, safety, storage
calculate how much you could afford for an apartment a month at 25%, if you make $3,500 a month.
$875
one of the three groups of people that the section 8 housing voucher program assists with finding housing
very low income, elderly, disabled
individuals and families living with relatives or friends
what is hidden homeless
a contract between a landlord and tenant
what is a lease?
Example of psychological (safety) needs housing meets
Love and belonging, identity, privacy, creativity
calculate how much you could afford for an apartment at 30% if you make $5,000 a month
Prohibits discrimination in housing transactions and promotes equal housing opportunity
fair housing act
A disadvantage of owning a home
not liquid asset, home maintenance, long term commitment, stressful event
What does HOA stand for?
Home owners association
One of two needs that housing meets for people
What is physical (physiological) or psychological (safety)
calculate the MOST you could afford for an apartment per month, if you make $4,000 a month.
at 30% - $1,200
The government department that enforces fair housing laws and ensures a strong and stable supply of housing
U.S department of housing and urban development (HUD)
an advantage of owning a home
equity, tax deduction, control, financial security, strengthen family and community, promote economic growth
A cost of renting aside from monthly rent
utility, gas, HOA, internet, cell, etc
What happens if housing needs are not met?
(I may take alt. answer)
Can't reach higher levels on maslows hierarchy of needs.
calculate the MOST you could afford for an apartment per month, if you make $48,000 a year.
$1,200
the standard is that households should not spend more than how much on housing costs?
what is 30%
What is one of the homeowners insurances we talked about
property/hazard, liability, mortgage insurance, credit life insurance
what is one thing you should consider when shopping for an aparment?
Identify (TWO) factors that influence your housing choices
household characteristics, social class, housing values, lifestyle
Calculate the most you could afford for an apartment per month, if you make $63,000 a year.
$1,575
HUD's major program for affordable, decent, safe, and sanitary housing options
What is section 8
a loan from a bank or a financial institution that helps the borrower purchase a house
What is a mortgage
An example of an amenity
dishwasher, washer/dryer in unit, hardwood floors, granite countertops, new appliances, etc.