Urban Housing

Filtering Down
Filtering down is a process whereby, over time, a housing unit or neighborhood is occupied by progressively lower-income residents. This transition often involves older residences that were once occupied by the upper classes.
Tenement
A tenement refers to any type of dwelling inhabited by a tenant, including both corporeal and incorporeal real property. In modern contexts, it commonly denotes multi-occupied buildings, often in poor conditions, such as dilapidated apartment dwellings.

Accounting Terms Lexicon

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