| Summary: | 碩士 === 國立政治大學 === 行政管理碩士學程 === 104 === Housing price in Taiwan has risen for the past decade; Taipei City even reached historical high record in 2014. The burden of the mortgage, which is part of future cash out, becomes more stressful under such circumstance. For household units, the solvency of mortgage could directly impact their quality of life. This study would like to use macroeconomic factors to measure the impact of household mortgage affordability in Taipei metropolitan. This study would observe the relationship between income and household mortgage affordability under the same macroeconomic factors.
This study uses affordability at risk published by Gan and Hill (2009), calculating household mortgage affordable risk by actual mortgage amount and affordable mortgage amount. Given different income segmentation, this study would discuss the relationship between household mortgage affordable risk and macroeconomic factors under study period.
The empirical results show that "housing price", "economic growth rate", " interest rate" and "building area" have significant effects on household's mortgage affordable risk. The conditions of mortgage affect the mortgage affordable risk of lower income group more than upper income group. The more income the household have, the less significant variables they are affected. Furthermore, the third-income household takes the highest risk of mortgage affordability while the government developed policies in order to curb the housing price.
|
|---|
