The Impacts of Promotion Rate and Neighborhood Affluence Index on Taipei City's Housing Prices─A Hierarchical Cross-classified Linear Mode Approach

• Main Authors: Chi-chun Lin, 林祺鈞
• Other Authors: Chun-chang Lee
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/82797203714823392155

碩士 === 國立屏東商業技術學院 === 不動產經營系(所) === 99 === Houses are not only influenced by their attributes, but also the location. A good location represents better quality of life, and enhances the added value of the houses. It is an important issue to indicate the quality of the districts by objective regional characteristic variables. This study divides the districts into administrative districts and school districts. Neighborhood affluent index is treated as the characteristic variable of administrative districts, and star schools and first-choice admission rate in junior high schools are treated as the characteristic variables of school districts for evaluating the quality of districts. According to different districts, hierarchical linear modeling and hierarchical cross-classified linear modeling are adopted to estimate housing prices. Empirical result demonstrates that housing prices must be estimated by hierarchical linear model or hierarchical cross-classified linear model. In these two models, the housing prices are not only affected by the housing attributes, but also the regional characteristic variables (Neighborhood affluent index and promotion rate). Housing attributes are also mediated by neighborhood affluent index and promotion rate.