Translated Titles

Relative Costs of Owning versus Renting and their Influence onHousing Tenure Choice




彭建文(Chien-Wen Peng)

Key Words

住宅自有率 ; 住宅租擁選擇 ; 擁屋相對成本 ; 借款限制 ; Homeownership rate ; Housing tenure choice ; Relative cost of owning versus renting ; Borrowing constraints



Volume or Term/Year and Month of Publication

39卷1期(2012 / 03 / 01)

Page #

1 - 23

Content Language


Chinese Abstract


English Abstract

Unusually, homeownership rates in Taiwan have steadily increased despite high house prices during the past three decades. This study measures the cost of homeownership by considering individual household house price, liquid wealth, housing equity, permanent income and marginal income tax rate, and uses data from the ”Household Income and Expenditure Survey of 2002” to investigate household tenure choice behavior. The empirical results reveal that both the relative cost of owning versus renting and borrowing constraints significantly and negatively impact the likelihood of homeownership. Furthermore, all other things being equal, homeownership becomes more likely if head of the household is married, and also increases with increasing household income, age of the head of the household, number of family members, and number of elderly dependents, but decreases with increasing number of children.

Topic Category 工程學 > 土木與建築工程
工程學 > 市政與環境工程
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