Title

擁屋相對成本對住宅租擁選擇之影響

Translated Titles

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

DOI

10.6128/CP.39.1.1

Authors

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

PublicationName

都市與計劃

Volume or Term/Year and Month of Publication

39卷1期(2012 / 03 / 01)

Page #

1 - 23

Content Language

繁體中文

Chinese Abstract

國內住宅自有率在高房價下長期上升的趨勢相當特異,為更完整衡量擁屋相對成本與借款限制對家戶擁屋機率的影響,本文使用行政院主計處的家庭收支調查資料,估計個別家戶的房價、流動資產、住宅權益、恆常所得、以及邊際所得稅率,並進行住宅租擁選擇的實證分析,發現不論是擁屋相對成本或借款限制對於擁屋機率均具有顯著負向的影響,此結果較直接以房價與租金來衡量擁屋相對成本合理。此外,所得、戶長年齡、戶長已婚、家戶人數、以及老年人數對於擁屋機率有顯著正向影響,但未成年子女數則有顯著負向影響。

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
Reference
  1. 林祖嘉、陳建良(2005)。租擁選擇、貸款選擇、與世代組成:巢式LOGIT模型之應用。住宅學報,14(1),1-20。
    連結:
  2. 彭建文、吳森田、吳祥華(2007)。不動產有效稅率對房價影響分析。台灣土地研究,10(2),49-66。
    連結:
  3. 謝文盛、林素菁(2000)。租稅效果對住宅租擁選擇影響之分析。住宅學報,9(1),1-17。
    連結:
  4. 謝文盛、林素菁(2000)。租稅效果對住宅租擁選擇影響之分析。住宅學報,9(1),1-17。
    連結:
  5. Boehm, J.(1981).Tenure choice and expected mobility: A synthesis.Journal of Urban Economics,10(3),375-389.
  6. Borjas, G. J.(2002).Homeownership in the immigrant population.Journal of Urban Economics,52(3),448-476.
  7. Bourassa, S. C.(2000).Ethnicity, endogeneity, and housing tenure choice.Journal of Real Estate Finance and Economics,20(3),323-341.
  8. Bourassa, S. C.(1994).Gender, marital status, and homeownership in Australia.Journal of Housing Economics,3(3),220-239.
  9. Bourassa, S. C.(1996).Measuring the affordability of home-ownership.Urban Studies,33(10),1867-1877.
  10. Bourassa, S. C.(1995).The impacts of borrowing constraints on home-ownership in Australia.Urban Studies,32(7),1163-1173.
  11. Bourassa, S. C.,Hoesli, M.(2010).Why do the swiss rent?.Journal of Real Estate Finance and Economic,40(3),286-309.
  12. Brueckner, J.(1986).The downpayment constraint and housing tenure choice.Regional Science and Urban Economics,16(4),519-525.
  13. Coulson, N. E.(2002).Regional and state variation in homeownership rates; or if California's home prices were as low as pennsylvania's would its ownership rate be as high?.Journal of Real Estate Finance and Economics,24(3),261-276.
  14. Coulson, N. E.(1999).Why are Hispanic- and Asian- American homeownership rates so low?: Immigration and other factors.Journal of Urban Economics,45(2),203-227.
  15. Di, Z. X.,Belsky, E.,Liu, X.(2007).Do homeowners achieve more household wealth in the long run?.Journal of Housing Economics,16(3-4),274-290.
  16. Dusansky, R.,Koc, C.(2007).The capital gains effect in the demand for housing.Journal of Urban Economics,61(2),287-298.
  17. Follian, J. R.(1982).Does inflation affect real behavior: The case of housing.Southern Economic Journal,48(3),570-582.
  18. Goodman, A. C.(1988).An econometric model of housing price, permanent income, tenure choice and housing demand.Journal of Urban Economics,23(3),327-353.
  19. Goodman, A. C.(2003).Following a panel of stayers: Length of stay, tenure choice, and housing demand.Journal of Housing Economics,12(2),106-133.
  20. Grange, A. L.,Pretorius, F.(2000).Ontology, policy and the market: Trends to home-ownership in Hong Kong.Urban Studies,37(9),1561-1582.
  21. Green, R. K.,Vandell, K. D.(1999).Giving households credit: How changes in the U.S. tax code could promote homeownership.Regional Science and Urban Economics,29(4),419-444.
  22. Gyourko, J.,Linneman, P.(1996).Analysis of the changing influences on traditional households' ownership patterns.Journal of Urban Economics,39(3),318-341.
  23. Haurin, D. R.(1991).Income variability, homeownership, and housing demand.Journal of Housing Economics,1(1),60-74.
  24. Haurin, D. R.,Hendershott, P.,Kim, D.(1994).Housing decisions of American youth.Journal of Urban Economics,35(1),28-45.
  25. Haurin, D. R.,Kamara, D. A.(1992).The homeownership decision of female-headed households.Journal of Housing Economics,2(4),293-309.
  26. Ioannides, Y. M.,Kan, K.(1996).Structural estimation of residential mobility and housing tenure choice.Journal of Regional Science,36(3),335-363.
  27. Jones, L. D.(1990).Current constrains on the housing demand of young owners.Review of Economics and Statistics,72(3),424-432.
  28. Kan, K.(1999).Expected and unexpected residential mobility.Journal of Urban Economics,45(1),72-96.
  29. Lin, C. C.,Lin, S. J.(1999).An estimation of elasticities of consumption demand and investment demand for owner-occupied housing in Taiwan.International Real Estate Review,2(1),110-125.
  30. Linneman, P.,Megbolugbe, I. F.,Wachter, S. M.,Cho, M.(1997).Do borrowing constraints change U.S. homeownership rates?.Journal of Housing Economics,6(4),318-333.
  31. Linneman, P.,Wachter, S.(1989).The impacts of borrowing constraints on homeownership.Journal of the American Real Estate and Urban Economics Association,17(4),389-402.
  32. Narwold, A.,Sonstelie, J.(1994).State income taxes and homeownership: A test of the tax arbitrage theory.Journal of Urban Economics,36(3),249-261.
  33. Painter, G.,Gabriel, S.,Myers, D.(2001).Race, immigrant status, and housing tenure choice.Journal of Urban Economics,49(1),150-167.
  34. Painter, G.,Redfearn, C.(2002).The role of interest rates in influencing long-run homeownership rates.Journal of Real Estate Finance and Economics,25(2-3),243-267.
  35. Painter, G.,Yang, L.,Yu, Z.(2003).Heterogeneity in Asian American home-ownership: The impact of household endowments and immigrant status.Urban Studies,40(3),505-530.
  36. Painter, G.,Yang, L.,Yu, Z.(2004).Homeownership determinants for chinese Americans: assimilation, ethnic concentration and nativity.Real Estate Economics,32(3),509-539.
  37. Rosen, H. S.(1979).Housing decisions and the U.S. income tax: An econometric analysis.Journal of Public Economic,11(1),1-24.
  38. Rosen, H. S.,Rosen, K. T.(1980).Federal taxes and homeownership: Evidence from time-series.Journal of Political Economy,88(1),59-75.
  39. Rosen, H. S.,Rosen, T.,Holtz, E. D.(1984).Housing tenure, uncertainty and taxation.Review of Economics and Statistics,66(3),405-416.
  40. Sinai, T.,Souleles, N. S.(2005).Owner-occupied housing as a hedge against rent risk.The Quarterly Journal of Economic,120(2),763-789.
  41. Stevens, B. J.(1979).Employment, permanent income and the demand for housing.Journal of Urban Economics,6(4),480-500.
  42. Tuner, T. M.(2003).Does investment risk affect the housing decision of family.Economic Inquiry,41(4),675-691.
  43. Wachter, S.,Megbolugbe, I.(1992).Racial and ethnic disparities in homeownership.Housing Policy Debate,3(2),333-370.
  44. Wood, G.,Watson, R.,Flatau, P.(2006).Microsimulation modeling of tenure choice and grants to promote home ownership.The Australian Economic Review,39(1),14-34.
  45. Yu, Z.(2006).A different path to homeownership: The case of taiwanese immigrants in Los Angeles.Housing Studies,21(4),555-579.
  46. Zorn, P. M.(1988).An analysis of housing mobility and tenure choice: An empirical study of Korea.Journal of Urban Economics,24(1),113-128.
  47. 薛立敏、陳綉里(1997)。台灣一九八○年代住宅自有率變化之探討。住宅學報,6,27-48。
Times Cited
  1. 袁增嘉(2016)。弱勢者對住宅補貼政策選擇之研究 -以臺中市為例。逢甲大學土地管理學系學位論文。2016。1-100。 
  2. 李建樺(2013)。年輕家戶之住宅自有率變遷分析。臺北大學不動產與城鄉環境學系學位論文。2013。1-108。
  3. 鄭維瑩(2013)。不動產稅制對不動產價格影響分析-論不動產稅制改革。臺北大學不動產與城鄉環境學系學位論文。2013。1-160。
  4. 陳嘉伶(2015)。我國不動產課徵特種貨物及勞務稅可接受度之探討:政策工具觀點。臺北大學公共行政暨政策學系碩士在職專班學位論文。2015。1-288。
  5. 彭佳穎(2015)。我國合宜住宅政策回應性評估之研究。中山大學公共事務管理研究所學位論文。2015。1-182。
  6. 平安(2016)。華人地區不動產稅制與房價關係分析 -以台北、香港、新加坡、上海為例。臺北大學不動產與城鄉環境學系學位論文。2016。1-107。
  7. 陳麗品(2016)。臺灣地區房屋標準單價表公平性之探討。臺中科技大學財政稅務系租稅管理與理財規劃碩士班學位論文。2016。1-83。
  8. 李佩穎(2016)。影響台灣各縣市住宅自有率因素之研究。朝陽科技大學財務金融系學位論文。2016。1-32。