Homeownership Rates, the Higher, the Better?

• Main Authors: Lien Hsin-Chang, 連信彰
• Other Authors: Peng Chien-Wen
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/59364365070862903585

碩士 === 國立臺北大學 === 不動產與城鄉環境學系 === 97 === This research uses consumer surplus and housing quantity demand to evaluate homeownership rates, builds a microfundation model of homeownership rates by households’ maximum utility behaviors, and utilizes comparative analysis and simulation to confirm interest rate and homeownership rates are unconnected (Painter and Redfearn, 2002), permanent income increasing make households prefer to own a house (Steven, 1979；Goodman, 1988), expected future housing price rising make households prefer to own a house (Goodman, 1988；Dusansky and Koc, 2007). This research finds that permanent income increasing make households prefer to own a house is under the condition that households have already preferred to own a house, and expected future housing price rising make households prefer to own a house is under the condition that households might not have forward-looking expectation. This research also finds that whether homeownership rates are higher are better or not, it’s depended on what factors (variables) and initial homeownership rates are. If households have two-stage consumption behavior, housing mortgage interest rate is higher than interest rate, the initial homeownership rates are higher but not to make tenant rates zero, homeownership rates grew by purchasing cost decreasing or income increasing are better; by rental cost increasing or expected future housing price rising are worse.