본문 바로가기
  • Home

Relation between Transportation Cost and Housing Cost of Household according to Accessibility to Facilities in Hamburg

Kim, Sung Gil 1

1공주대학교

Accredited

ABSTRACT

Where one lives and how one gets around is not just a lifestyle, but it is also a financial decision. The saving cost of transportation in areas with better accessibility to public transport is a intrinsic value of high real estate price, whereas costs of owning and operating car in sprawl areas with low land value should be requested much more than in other areas. The purpose of this study is to estimate the relation between transportation and shelter costs according to accessibility to public transport. The residential areas in Hamburg are categorized according to level of public transport and other service facilities. The costs of owning and operating car in each residential area are calculated on the base of the household automobile ownership and usage analysed through the actual survey. The costs for homeownership through Mortgage lending are calculated on the base of real estate prices in the same areas. The result of this empirical analysis shows that the high cost of housing are offset by the low transportation cost in the efficient public transportation neighborhoods in Hamburg. This analysis finds the efficient location of residential area, which economize energy consume and makes household actual transportation cost saving possible. The result of the analysis can be used as a tool for influencing home locaion choice towards public transportaion corridors.

Citation status

* References for papers published after 2022 are currently being built.