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학술저널
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한국부동산분석학회 부동산학연구 부동산학연구 제21권 제1호
발행연도
2015.1
수록면
57 - 74 (18page)

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This study seeks to analyze factors influencing housing tenure choice by using residence survey data and to identify relevant considerations for urban planning. Results show that according to householder age and cohort generation, housing tenure preferences have shifted from home ownership to renting and that demand for housing tenure types varies by region and by cohort generation (pre or post baby boom). As housing sizes get smaller and income levels get lower, the probability of home ownership decreases. On the other hand, the probability of home ownership increases regardless of housing size and level of income as the distance between residence and place of work increases. In conclusion, renting is highly likely to increase in the future, compared to home ownership because home ownership is mainly made based on asset levels. It is necessary to develop housing supply measures tailored to demand characteristics which vary by the age and income bracket of people entering the housing market. More sophisticated housing supply planning and relevant policy improvements are needed, based on the characteristics of housing demand by housing tenure type and an end to simplistic quantitative estimates of housing demand.

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