不同县市住宅自有率差异原因分析-不动产与城乡环境学系.PDF

20 Journal of Taiwan Land Research Vol. 8, No.2 pp. ~20 *** 0  摘　　要 200082.2% 08.% 80 2.% *  (02) 200- E-mail: cwpeng@.tw ** E-mail: chiayu 0@.tw  The Determinants of Homeownership Rates Across Different Cities and Counties Chien-Wen Peng* and Chia-Yu Wang** Abstract In 2000, Taiwan’s homeownership rate was 82.2 percent, which has increased significantly during the last two decades, and there have been great differences among cities and counties. Most studies used housing prices and household income as two most important determinants of homeownership rate and ignored the effect of other demographic variables. Empirical results revealed that housing prices to household income ratio had a significant negative effect on homeownership rate, but its relative influence was much less than the mobility rate, senior citizen ratio, and married rate. It implied that the subjective will of homebuyers is more important than their objective ability to select tenure choice. This result explains why more urbanized cities have lower homeownership rates, but agricultural-based counties have much higher homeownership rates. Keywords: Homeownership rate, Housing market, Tenure choice