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The Link between Homeownership Motivation and Housing Satisfaction

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  • Tan, Teck Hong
  • Khong, Kok Wei
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    Abstract

    It is reasonable to believe that the degree of housing satisfaction may depend on the motivation of home owning as motivation has been an important reason in the explanation of homeownership. There is little empirical evidence demonstrating how homeownership motivation, as defined by local amenities investment, social capital investment, residential stability, and financial benefits of home owning affect housing satisfaction in the Malaysian context. In this paper, Structural Equation Modeling (SEM) was used to examine the link between homeownership motivation and housing satisfaction. Results showed that social capital investment and residential stability of homeownership appears to be important determinants of housing satisfaction. The findings also indicated that interdependencies among homeownership motivation variables were important extensions of the housing satisfaction model because they help improve the ability of model to predict housing satisfaction.

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    File URL: http://mpra.ub.uni-muenchen.de/46890/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 46890.

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    Date of creation: 18 Apr 2012
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    Publication status: Published in International Journal of Economics and Management 1.6(2012): pp. 1-20
    Handle: RePEc:pra:mprapa:46890

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    Keywords: Homeownership; Motivation; Housing Satisfaction; Structural Equation Modeling (SEM);

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    17. Tan, Teck Hong, 2008. "Determinants of homeownership in Malaysia," MPRA Paper 34950, University Library of Munich, Germany.
    18. Tan, Teck Hong, 2008. "Determinants of homeownership in Malaysia," MPRA Paper 34909, University Library of Munich, Germany.
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