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A Study for Enhancing Homeownership through an Analysis of Tenure Choice Factors of Cohort Generations

Woo, Yunseuk 1

1숭실대학교

Accredited

ABSTRACT

This study tries to investigate policy direction for enhancement of homeownership through analyzing tenure choice and impact factors of each cohort generations in Seoul, based on assumption that homeownership has positive social impact and thus necessity to be enhanced in terms of Asset-based welfare argument. From the analysis, following implications are derived. Firstly, impact factors of tenure choice for echo, middle, baby-boom and older generations are revealed different, and thus tailor-made policy schemes considering each characteristics are needed. Secondly, supporting higher homeownership policy alike other advanced countries is necessary considering the gap between current tenure type and desired tenure type to the extent of 1.1~3.9 times. Thirdly, people are not so sensitive to their expectation of future housing and rent price that they would change their tenure choice. Fourthly, changed direction of public housing policy shall be necessary to solve the mismatch problem between homeownership demand and supply, and to achieve asset-based welfare system.

Citation status

* References for papers published after 2023 are currently being built.