Suchergebnisse

This study aims to identify the preferences of low-income people in making housing tenure choices within the next 5 years. Each person has the right to have a place to live in. However, the options available for low-income people to own a home are limited. Therefore, information on the preferences of low-income people in purchasing houses needs to be identified so that the government can formulate effective and efficient intervention policies. A sample of 1030 samples was obtained using the stratification sampling method, of which 638 are households had rental status (taking households with the lowest level of welfare between 10-40%) in the Regency and City. Discrete choice models were used to determine the preferences in owning a home. The study revealed that demographic variables and household characteristics variables (household size and length of stay) had consistent negative relationships with preferences for buying a house in the future. Also, the government needs to take action so that the socialization of housing policy becomes more optimal, effective and targeted. The goal of the policy socialization should be directed to newly married couples.

Housing affordability is a hotly debated issue on global scale. A lack of affordable housing of decent quality is a chronic problem in urban areas. Governments try to alleviate it by stimulating homeownership among middle-income households and providing social housing for the low-income households. Such policies are very costly. Thus, this study aims to assess at least tentatively the effectiveness of the policies supporting construction of affordable housing. We do this using a novel index of the governmental support of affordable housing construction. It covers G7 countries between 1919 and 2020. We conclude from our empirical analysis that governmental policy indeed positively affects homeownership rates and social housing rates. Thus, the government can contribute to the provision of the affordable housing, although the cost of this policy cannot be quantified yet.

The purchase of a home is the largest investment made by most American families, and home equity is the largest component of family wealth. Scholars have long documented the social and economic merits of homeownership and explored the factors that influence access to it. However, despite the abundance of literature on homeownership and housing tenure choice, we lack a study that focuses on whether and how debt and wealth influence a household's decision to own or rent a home. Using 2004 and 2008 panel data from the Survey of Income and Program Participation (SIPP), this study attempts to identify the causal effect of household debt and wealth on a household's decision to change tenure choice by examining what factors influence transition from homeowner to renter or from renter to homeowner. Data analysis shows that household secured debt, household wealth, and household income play a significant role in household's change in tenure choice. While race is not a significant factor influencing the likelihood of a homeowner transitioning to a renter, it was a significant factor for a renter transitioning to a homeowner. Minority renters are significantly less likely to become homeowners compared with white renters, even when controlling for wealth and debt.

This paper investigates the heterogeneity of housing-tenure choice in the city of Guangzhou based on a household survey. Using methods of finite mixture regression, we identified three groups with distinct housing-tenure choice subprocesses, which we labelled as the 'urban elites', the 'native plebeians' and the 'lower masses', accordingly. The urban elites group includes affluent local urban residents, migrants from other cities and privileged citizens such as state employees and Communist Party members. Housing-tenure choice among the urban elites positively correlates with marital status, age and education. The native plebeians group is comprised of less affluent local residents, including those with rural Hukou status. They have the highest homeownership rate among the three groups and their housing-tenure choice positively correlates with household size and income. The majority of the lower masses are migrants from rural areas. They are mostly renters, although household size was found to be a significant predictor of homeownership. Institutional factors such as Hukou status, Party membership and state employment affect tenure outcomes for both the urban elites and the lower masses, but not for the native plebeians. These findings show the correspondence between housing-tenure choice subprocesses and socioeconomic differentiation, and suggest a need to create housing policies tailored for specific housing groups.