Housing, otherwise referred to as more specifically residential living spaces, refers generally to the arrangement and assigned use of residential buildings or homes together, for the exclusive purpose of housing human beings temporarily, the creation or planning delivered by an external authority, with other implied meanings. It is an important area of social concern because housing developments affect both the availability and the price of housing, affecting the working conditions and lives of those who live in them. Consequently, the supply of housing has been declining in many places of the world; in certain locations it is becoming almost completely unavailable. The rapid increase in the population has also meant that the need for housing has become more acute in certain locations.
The availability of housing can be directly affected by location: places that are most desirable by potential residents will generally have the fewest units available on any given block, and housing developers usually attempt to address this problem by building more condominiums than apartments or townhouses, or by building housing units that are more closely connected to one another by shared amenities such as swimming pools or restaurants. This is called “sub-marketing” or “affordable housing”. A relatively new technique for sub-marketing, however, has recently come into prominence, and that is rental housing, sometimes known as apartment living.
Apartment living, in contrast to traditional housing, is a relatively new field, and there are many kinds of it, both public housing and private. An apartment is a room in a building for rent, and there are many kinds of apartments: sometimes there are studio apartments, sometimes one-bedroom units, sometimes two-bedroom dwellings with an attached kitchen and bathroom, sometimes three-bedroom dwellings with a small kitchen and living room, and so on. Private rented apartments may be either owned by the landlord or a resident may rent it under a contract arrangement, under which the resident leases the apartment for a fixed period of time, say a month, to return the same amount as his monthly housing expenses. Rentals are conducted through the local housing authority.