Why do households rent while owning houses? Housing sub-tenure choice in South Korea

Kabsung Kim, Jae Sik Jeon

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

This study aims to analyze the effects of household characteristics on housing sub-tenure choice and understand the behavior of families who opt to rent while owning other homes in South Korea. Tenure status is subdivided according to the difference between consumption and investment demands for housing. It is found that that when families are faced with the choice of renting while owning another house, the probability that they will decide on this option increases up to the sixth income decile and then declines. Similarly, this probability increases until the tenant reaches age 50 and then decreases. Furthermore, the probability of a household choosing to rent while owning another home is greater if a member of the household is married with school-age children.

Original languageEnglish
Pages (from-to)101-107
Number of pages7
JournalHabitat International
Volume36
Issue number1
DOIs
Publication statusPublished - 2012 Jan

All Science Journal Classification (ASJC) codes

  • Urban Studies

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