• Title/Summary/Keyword: Rental Income

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Korean Public Rental Housing for Low-income Households: Main Outcome and Limitations

  • Jin, Mee-Youn;Lee, Seok-Je
    • Land and Housing Review
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    • v.4 no.4
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    • pp.303-316
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    • 2013
  • This paper examines the achievements and limitations of housing assistance programs for low-income households. Korean public rental housing has been rapidly developing since 2000, and thereby achieved an increase in public rental housing stock, housing quality improvements, and the reduction of rent over-burden for low-income tenants. Despite some conflicting evidence, it appears that the provision of newly-built public rental housing has helped stabilize the prices of neighboring private rental housing units. But, as we are entering an era of one million long-term public rental housing units, we need to shift our focus from quantity-oriented provision to housing maintenance for tenants, and from cost-based rental housing to affordable rental housing and better access to rental housing for low-income tenants who are not beneficiaries of government assistance. Most of all, it is very important for local governments and the private sector to actively participate in the provision of public rental housing in order to ensure a stable rental housing market.

A Study on the Characteristics of Rental Real Estate Households and Real Estate Rental Income (임대부동산 가구특성과 부동산임대소득에 관한 연구)

  • Han, Byung-Woo;Oh, Dong-Hoon
    • The Journal of the Korea Contents Association
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    • v.21 no.12
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    • pp.906-917
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    • 2021
  • This study focused on real estate rental income, which is being interested as a means of preparing for old age in the age of low growth and aging. Rental income is seen to function as a safety net of society at a time when it is necessary to live a difficult old age due to the disconnection of income and the extension of the average life span. Therefore, this study conducted the following study on 1,025 households that own rental real estate nationwide. First, the relationship between the characteristics of the household of the rental real estate owner and the real estate rental income was analyzed, and second, it examined whether there is a difference in rental income between the group that engages in income activities other than rental income and the group that only has rental income without income activities. As a result of the analysis, among the demographic and sociological characteristics, gender and spouse were identified as significant variables in rental income. Among the economic characteristics, income and total debt were found to be significant variables. In the case of income activities, rental income was low, and rental income was high when the total debt was high. However, if interest rates rise and the economic recession is prolonged due to unpredictable causes, the owner may suffer from double-use. In preparation for this, it is necessary to review real estate policy alternatives such as easing the period of real estate holdings.

A Study on the Residential Character and the Consciousness of Housing Movement in the Public Rental Apartment - Focused on Permanent Rental and Fifty Years Period Rental Apartment - (공공임대아파트의 거주특성과 주거이동의식에 관한 연구 - 영구임대와 50년 임대아파트를 중심으로 -)

  • 장승재;박민용
    • Journal of the Korean housing association
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    • v.14 no.3
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    • pp.93-100
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    • 2003
  • Considering the present development situation of public rental apartment since 1982, the supply of homeless housing for low-income dwellers has contributed a amount of quantities, but has been deficient qualities in housing policy. To reflect the architect the properties of dwellers in rental apartment, this study is aimed at investigating the residential character and the consciousness of housing movement through questionaries in permanent rental apartment and fifty years period rental apartment complexes. The results of this study were as follows; The permanent rental apartment is dissatisfied with site location, site shape and building layout in housing environment view, the fifty years period rental apartment is dissatisfied with building area, rental bond, rental fee and maintenance cost in economics view. Housing type of movement preference hereafter is showed “rental apartment” as priority. Therefore, it is necessary to construct public rental apartment for low-income dwellers increasingly.

Structural Changes in Rental Housing Markets and a Mismatch between Quartile Income and Rent (월세 임차시장의 구조적 변화에 따른 분위별 소득과 임대료 간의 부정합 분석)

  • JungHo Park;Taegyun Yim
    • Land and Housing Review
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    • v.14 no.4
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    • pp.17-37
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    • 2023
  • The rental housing market in South Korea, specifically monthly rent with deposit, has been expanding over the last three decades (8.2% in 1990 to 21.0% in 2020), partly replacing the traditional Jeonse market. The distribution of rent has changed due to public rental subsidies and the emergence of luxury rental housing, while the distribution of rental household income has been polarized because of the emergence of rich renters. This study attempts to measure the structural changes in the rental market by developing a new indicator of income-rent mismatch. Using the seven series of the Korea Housing Survey, this study analyzed the changes in rent (reflecting the conversion rate) and income levels of rental households in 2006 (base year) and 10-15 years later (the analysis year) at the national level and at the spatial unit of 16 metropolitan cities and provinces (excluding Sejong), respectively, by dividing them into quartile data. The result reveals that rental housing was undersupplied in middle- and high-income rental housing due to the decline in the highest quartile (25%→18%) and the third quartile groups (25%→20%), while the supply of public rental housing expanded for the second quartile (25%→28%) and the lowest quartile (25%→35) groups. On the demand side, the highest income quartile shrank (25%→21%), while the lowest income quartile grew (25%→31%). Comparing the 16 metropolitan cities and provinces, there were significant regional differences in the direction and intensity of changes in rent and renter household income. In particular, the rental market in Seoul was characterized by supply polarization, which led to an imbalance in the income distribution of rental households. The structural changes in the apartment rental market were different from those in the non-apartment rental market. The findings of this study can be used as a basis for future regional rental housing markets. The findings can support securing affordable rental housing stock for each income quartile group on monthly rent and developing housing stability measures for a balance between income and rent distribution in each region.

A syudy on Renter's Response to Plannin of National Rental Housing for Improving Social Integration (임대주택 주동계획의 사회통합적 증진에 대한 임차인 반응 연구)

  • Kim, Kyoung-Yeon;Lee, Yeun-Sook;Park, Min-Ah;Heo, Yun-kyung
    • Proceeding of Spring/Autumn Annual Conference of KHA
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    • 2008.11a
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    • pp.102-107
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    • 2008
  • The National Rental Houring has been built for solving the lack of house for the low-income group. However the national rental housing that the low-income group didn't feel aliention' we should improve the quality of National Rental housing. The purpose of this study aims to identify the facts for improving the social integra as the preference of Rental lived in Gwangju. The findings are as follows. The residents had marginal characteristics such as low income, the aged and were satisfied with the residential environment so they want to stay there as long as they can. However, they were dissatisfied with the scale of housing, housing facilities. Therefore, It is important to improve housing condition witch they enhance their self existence.

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A Study on the Actual Condition and Service Contents of Rental Apartment for the Low Income in Yangcheon-Gu - Basic Study for the Expansion of the Rental Apartment - (양천구에 위치한 저소득 임대공동주택의 현황과 서비스 내용 분석 - 임대공동주택 확산을 위한 기초연구 -)

  • Hwang, Yun-Jung;Noh, Sang-Wan;Yoon, Won-Young;Moon, Hak-Cho;Jang, Sang-Ock;Shin, Kyung-Joo
    • Proceedings of the Korean Institute of Interior Design Conference
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    • 2006.11a
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    • pp.205-208
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    • 2006
  • This research investigated the public rental houses In Yangchon-gu, whose locational attribute are suitable for the public rental house and has superior position in both inhabitants' participation and public welfare program. The public rental house has several types, such as permanent lease house, public lease. And several programs, the aged support police and medical services delivery system, have been the leading models for other local governments. Also, there are residents who are in their forties and fifties in the public rental houses in Yangchon-gu. un occupied is less than 1% and it seems that there is few turnover rate. 1 household rate and 2 households rate look like similar in the number of family member, total social public welfare program is focus on family welfare, juvenile welfare, teenager welfare, handicapped person welfare local, welfare and old people welfare. Accordingly, this research is used for base data of questionnaire and the first data for grope various improvement while planning group public rental house for low income group. And this research will be improved directional grope for improve livable public rental house around residents.

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A Study on the Effect of Housing Cost Burden on the Intention of Moving into Public Rental Housing: Focused on the housing tenure and income level (주거비 부담수준이 공공임대주택 입주의향에 미치는 영향에 관한 연구 - 주택점유형태와 소득수준을 중심으로 -)

  • Han Soo Jeong
    • Journal of the Korean Regional Science Association
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    • v.39 no.1
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    • pp.37-52
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    • 2023
  • This study examined the effect of housing cost burden on the intention of moving into public rental housing. For the empirical analysis, I used the 2019 Korea Housing Survey and divided the households based on housing tenure and income level and they are as follows: homeowners, renters and low income, middle income and above. As analysis method, the binomial logit model is used and the empirical analysis shows that the burden of housing costs was increased the intention of moving into public rental housing even in homeowners and households with middle income or higher.

The Comparison of Maintenance Cost and Residents′Consciousness of Remodeling by Rental Apartment Types (임대아파트 유형별 유지관리비와 거주자의 리모델링 의식비교)

  • 박민용;장승재
    • Journal of the Korean housing association
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    • v.14 no.4
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    • pp.69-76
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    • 2003
  • Considering the present development situation of rental apartment since 1982, the supply of rental housing for low-income dwellers has contributed a amount of quantities, but has been deficient qualities in housing policy. To propose the device of remodeling for low-income dwellers in deteriorated apartment, this study investigated the characteristics of maintenance cost and the residents'consciousness of remodeling by rental apartment types. The results of this study were as follows; The annual maintenance cost of permanent rental apartment was 14,249 won/$\textrm{m}^2$$.$yr, that of fifty years period rental apartment was 13,372 won/$\textrm{m}^2$$.$yr. In the case of remodeling in deteriorated heating system, the principal decision factor of choice was showed “economics” as priority. Residents in rental apartment preferred remodeling to reconstruction, and unit heating system to central heating system.

An Analysis on the Discrimination of the Information Usage Pattern by Pyeong-type Tenants: Focused on Tenants between Kohom's Permanent and Temporary Public Rental Housing (주택평형별 거주자들의 정보화 이용 패턴 차별성 분석 : 주택관리공단의 영구.국민 임대주택을 중심으로)

  • Ko, Jong-Moon;Kim, Shin-Pyo
    • Journal of Digital Convergence
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    • v.5 no.1
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    • pp.117-130
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    • 2007
  • This paper examines whether there exists discrimination of the information usage pattern between tenants of permanent and temporary public rental housing in Korea. Moreover, we focus to examine on that matters between two groups, $7{\sim}12$ pyeongs and $11{\sim}24$ pyeongs that indicate permanent and temporary public rental housing respectively. The results derived in this paper can be summarized as follows: there exists statistical significance in using computer, internet, communication and broadcasting, on the other hand, insignificance in using satellite communication and telephone between them. The implication of this results shows that as widen income gap, also widen gaps in using computer and internet between them. Thus government public rental housing policy should focus to make narrow income gap to diminish information gap between those groups.

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A Study on the Energy Consumption and the Degree of Satisfaction by Heating System in Rental Apartment (임대아파트 난방방식별 에너지소비와 만족도 조사에 관한 연구)

  • 박민용;장승재
    • Journal of the Korean housing association
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    • v.14 no.3
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    • pp.85-92
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    • 2003
  • Considering the present development situation of rental apartment since 1982, the supply of homeless housing for low-income dwellers has contributed a amount of quantities, but has been deficient qualities in housing policy. To propose the energy policy for low-income dwellers, this study investigated the energy consumption and the degree of heating satisfaction by heating system through questionaries in permanent rental apartment and 50 year period rental apartment complexes. The results of this study were as follows; The annual energy consumption of heating and hot water supply is 267.2 Mca1/$\textrm{m}^2$ㆍyr in central heating system, is 163.9 Mca1/$\textrm{m}^2$ㆍyr in unit heating system. But from the view of annual energy cost and the degree of heating satisfaction, central heating system were better than unit heating system in rental apartment.