• Title/Summary/Keyword: Housing tenure

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Influences on Housing Cost Burden of the U.S. Households by Current and Previous Housing Tenure Types

  • Lee, Hyun-Jeong
    • International Journal of Human Ecology
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    • v.13 no.1
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    • pp.129-145
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    • 2012
  • The purpose of this study was to investigate housing cost burden of U.S. households according to current and previous tenure types and explore influences on their housing affordability. The public-use microdata of the 2009 American Housing Survey was analyzed in the following two stages: In the first stage, households were classified into eight groups by combining their current and previous tenure types, year moved into current housing units and mortgage status of current owners and their characteristics were compared. In the second stage, the factors that influenced the housing cost burden by each combined tenure group were explored using multiple regression analyses. The findings are as follows: (1) The mortgage status was more influential than the previous housing experiences of owner households to distinguish one owner household from another. (2) Renter households who had been owners of previous housing units showed significantly different characteristics compared to continuing and new renter households in terms of income, educational attainment, and householder's marital status as well as housing costs and housing cost burdens. (3) To see the multiple regression analysis results, households with different current and previous tenure types were found to have different factors that influenced the housing cost burdens. In addition, household characteristics were found to have significant influences on housing cost burdens as strong as cost-related variables such as annual mortgage payments and rent per square footage.

A Study on Factors Affecting Consumer's Housing Tenure Status (소비자의 주택 점유형태 선택의 결정요인)

  • 여윤경;윤지영
    • Journal of the Korean Home Economics Association
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    • v.41 no.5
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    • pp.205-220
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    • 2003
  • The purpose of this study was to investigate factors affecting consumer's housing tenure status by various household's characteristics. This study used 1997 KHPS(Korea Household Panel Study) by Daewoo Economic Research Institute and used 1,977 households for the analysis. The results of this research were summarized as follows; 1. There were major differences in household's characteristics by consumer's housing tenure status, except for the household's monthly income and savings. 2. Factors affecting consumer's choice of ‘owning’ a housing and taking a ‘chonsei’ system were very similar, but they affected in the opposite direction. 3. Factors affecting consumer's choice of taking a ‘chonsei’ system and ‘renting’ a house were much more similar, and they affected in the same direction. This study can be useful in developing housing service and design, and housing policy by consumer's choice of housing tenure status.

Residential Satisfaction of Married Families by the Type of Housing Tenure and Housing (주거점유상태와 주택형태에 따른 기혼자의 주거 만족도)

  • Lee, Chae-Sung
    • Journal of the Korean housing association
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    • v.23 no.1
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    • pp.9-17
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    • 2012
  • The purpose of this study is to understand the factors that influence residents' satisfaction with their housing. Resident's satisfaction is mainly influenced by two factors - one that pertains to housing and the other as per characteristics of the individual. Housing-related factors include housing types, housing tenure types, and size of floor space. Individual-related factors include household income, size, and education level. This study shows how both factors influence residents' satisfaction. Residential satisfaction is affected by the type of housing tenure (own, chonsei and monthly rent) and housing (detached housing, apartment and multi-family housing). Residential satisfaction of home owners is greater than that of chonsei renters or monthly renters. Residential satisfaction of chonsei renters is greater than that of monthly renters. Satisfaction of apartment residents is far greater than that of detached housing residents or multi-family housing residents. There is no difference in residential satisfaction between detached housing and multi-family housing residents. As total household labor income, household member, and residential area increase, residential satisfaction increase. Residential satisfaction of countryside residents is greater than that of metropolitan residents.

A Study on the Housing Energy's Consumption and Saving Consciousness on the Housing Tenure (주택점유형태별 주택에너지의 소비 및 절약의식에 관한 연구)

  • Kwon, Chi-Hung;Yoo, Jung-Hyun
    • Land and Housing Review
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    • v.4 no.4
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    • pp.395-406
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    • 2013
  • The purpose of this paper is to analyze of the home energy consumption and conservation awareness, usage patterns and policy directions for housing energy-saving house by three types of houses tenure. The results of analysis is : First, there is existed to the difference in average by each housing tenure types. Second, the residents of sales apartment and tenants of private and public rental apartment are practices in the energy consumption and conservation Third, the behavior between residents of sale-housing and the tenants of private and rental housing on the energy-saving behavior items is existed with behavioral differences. Finally, the consumer-oriented incentives method in the future housing energy' policy direction might be used more efficient and effective than others

The Changes of Housing Characteristics and The Degree of Attainment of Housing Norms among Residents in Apartment (아파트 거주 가구의 주거특성 변화 및 주거규범달성 정도)

  • 강노선
    • Journal of Families and Better Life
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    • v.11 no.1
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    • pp.35-45
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    • 1993
  • The purpose of this study is to investigate the changes of housing characteristics and the degree of attainment of housing norms. The major findings are as follows: 1) There are significant differences in changes of housing characteristics. A size of house and the number of room have been improved according to hosing experience and housing expects. Type of tenure has been improved according to housing experience and housing expects. Type of tenure has been improved gradually according to moving. The family with higher socio-economic status prefers apartments. Although about a half of household hopes to live in a high-rising apartments. more than 40 persentage of the household still hopes to live in single detached houses. As a result apartment are though not to satisfy their housing well-being 2) As socio-economic status is higher and family life cycle is longer the degree of their attainment of housing norms appear higher. The household attaining higher housing norms has the higher housing satisfaction but needs to move is lower The family attains housing norms as the following orders: type of tenure\longrightarrowtype of house\longrightarrowthe nmber of rooms\longrightarrowa size of house.

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Analysis of Relationship between Housing Tenure and Birth in Newlywed Couples by Using Panel Data (패널자료를 이용한 신혼가구의 주택점유형태와 출산 관계 연구)

  • Shin, Hyungsub
    • Land and Housing Review
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    • v.13 no.3
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    • pp.39-55
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    • 2022
  • In this study, we investigate the interrelationship between housing tenure and childbirth by exploiting the correlation probability effect method that accounts for household heterogeneity. Using the newlywed household panel from 2011 to 2022, we find that home ownership has a positive impact on childbirth in newlyweds. Specifically, newlywed households with housing tenure show a 6.2%p higher birth rate and a 5.7%p higher second childbirth than newlywed households living in rented houses. For the case of first childbirth, we employ the probability effect probit model since the endogeneity was not detected between housing tenure and birth rate. We document the differential effects of housing tenure on childbirth in that the first childbirth rate is higher for households without housing tenures. The negative effects on first childbirth could be attributed to the economic burden due to initial housing ownership, while housing tenure could eventually provide housing stability, leading to positive effects on more than one childbirth. Finally, we identify that households with childbirth over the last year show a 4.2%p and 3.9%p lower probabilities of housing tenure in the total sample and second childbirth sample, respectively. This suggests that the increased living cost due to childbirth could delay home ownership.

A Relation between the Housing Tenure Choices and Residential Environments & Housing Consciousness - Focused on Newlyweds in the Seoul Metropolitan Region - (점유형태 선택과 주거환경 및 주거의식의 관련성 분석 - 수도권 신혼부부 가구를 대상으로 -)

  • Yi, Changhyo;Jang, Seongman
    • Journal of the Korean Regional Science Association
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    • v.32 no.2
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    • pp.31-44
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    • 2016
  • The purpose of this study is to explore empirically the effects of the residential environments and housing consciousness on the housing tenure choice of newlyweds in the Seoul metropolitan region. Regarding the results of the empirical analysis, firstly, not only the household's attributes and housing characteristics but also the residential environments and housing consciousness were significant factors on housing tenure choice. Secondly, as a household considers worse housing quality and better environmental quality surrounding the housing, the household chose Cheonsei housing more often than owner-occupied housing. On the other hand, as a household reviews only better living condition, the selection probability of monthly rent was higher. Thirdly, as a household regards that the housing investment value was more important, the choice probability of owner-occupied housing was higher than that of other tenure types.

Analysing Korean Residential House Tenure Choice by Mixed Logit Panel Model

  • Jeong, Ki-Ho;Lee, Sang-Ho
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.2
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    • pp.559-568
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    • 2008
  • This paper analyzes Korean residential tenure choice for house which is the most important in Korean households' assets. Data used in the analysis is the data of Korean Labor and Income Panel Study for the period from 1998 to 2006 and with 2341 households. In this paper, a household chooses a housing tenure mode, either by renting or by owing house. We use a mixed-logit panel model as an estimation model to take into consideration household's heteroscedasticity of preference in tenure choice. It turns out that the heteroscedasticity is significant in households' tenure choice behavior, implying that Korean housing policy emphasizing supply side should consider the demand side.

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The Impact of Divorce on Tenure Choice for Women in Korea (자가점유로 분석한 이혼여성의 주거안정성)

  • Hwang, Jae-Hee;Lee, Seong-Woo
    • Journal of the Korean housing association
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    • v.23 no.1
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    • pp.55-66
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    • 2012
  • Present study investigates on the impact of resources and characteristics of the tenure choice for divorced women in Korea. The authors utilize the micro data from the Korea Census (2% sample) provided by the National Statistical Office. The authors apply the bivariate probit model to eliminate selection bias that could incur due to sample selectivity, from a chain of marital disruption and tenure choices. This study starts with a descriptive explanation of homeownership after divorce from 1985 to 2005. It concluded that divorce results in a substantial attrition of homeownership. The authors found that out for many women, divorce initiates a process of downward mobility on the housing ladder. The probability to own housing is much lower for divorced women than for women who are not divorced. The present study concludes by suggesting some policy implications for divorced women who have limited access to housing stability. The authors also suggest some future studies that can compensate the empirical limitations of the present study.

Household and Housing Characteristics of Young Renters in South Korea in Relation to Housing Value Clusters (한국 청년 임차가구의 주거관 군집에 따른 가구 및 주거 특성)

  • Kwon, Hyun Joo;Lee, Hyun-Jeong
    • Journal of the Korean housing association
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    • v.26 no.6
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    • pp.43-52
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    • 2015
  • The purpose of this study was to explore housing value clusters of young renters in South Korea and their relationships to household and housing characteristics reflected in the 2012 Korea Housing Survey (KHS). The 2012 KHS microdata was used as secondary data. Among the households included in the microdata, 1,196,144 young renter households (between 20 and 34 years of age) in private rental units were analyzed. The main findings are as follows. Ten rating scale items measured housing values. Eight of them were grouped into three value factors: Investment, Affordability and Cost Increase. Using these three value factors and perception of homeownership, households were classified into four clusters: Prospective Home Investor, Settled Renter, Homeowner Wannabe, and Support Needed. The current tenure types, income and expectation for next tenure types of four housing value clusters of young renters reflected Korea's tenure ladder which has home ownership at top followed by Jeon-se rental, monthly rental with deposit and monthly rental without deposit. The households in Prospective Home Investor and Homeowner Wannabe clusters would consider home purchase in the near future. Finally, households in Support Needed Cluster would be the main target to consider in development and implementation of housing welfare policies and programs to resolve housing problems of young renters, including beginning-stage professionals.