The article explores the concepts of use-value and exchange-value in housing research. It critiques the focus on exchange-value in capitalism and how it affects the right to housing. The paper traces the evolution of these concepts from economic theory to their current use in housing research. It suggests a new way to understand use-value, distinguishing between general use-value, commodity use-value, and social use-value. The paper argues against mixing economic value with moral values in housing research.