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Factors of housing decisions for low and middle-income households in the greater Bangkok area

Author

Listed:
  • Phanida Roidoung

    (Nagoya University)

Abstract

This study is primarily concerned with housing decisions; trying to analyze the determining factors of housing decisions for low and middle-income households in the greater Bangkok area. The hypothesis of this study is that economic, physical environment, and household characteristics are determining factors for housing decisions. A Binary Logit model is used for this analysis. The study shows that both low and middle-income households decide to buy houses. The most important determining factors of current buying-decisions are monthly housing payment, social environment, housing price, and transportation cost while monthly housing payment is the most important for future buying, and transportation cost is the most important for future renting. Increasing monthly housing payment is the most important factor because it is the connecting factor for current and future buying decisions. This means that economic factors play a very important role for housing decisions. The government has an obligation to continually provide and maintain a good public facility and utility, social environment, and transportation system. Moreover, increases in affordability are essential for current and future buying decisions. The rent to buy option can be used to solve the problem of existing unsold units’ and enhance home ownership.

Suggested Citation

  • Phanida Roidoung, 2013. "Factors of housing decisions for low and middle-income households in the greater Bangkok area," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 2(3), pages 13-26, September.
    • Handle: RePEc:chi:journl:v:2:y:2013:i:3:p:13-26
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    References listed on IDEAS

    as
    1. Wachs, Martin & Taylor, Brian D. & Levine, Ned & Ong, Paul, 1993. "The Changing Commute: A Case Study of the Jobs/Housing Relationship over Time," University of California Transportation Center, Working Papers qt7424635r, University of California Transportation Center.
    2. Ballesteros, Marife M., 2001. "The Dynamics of Housing Demand in the Philippines: Income and Lifecycle Effects," Discussion Papers DP 2001-15, Philippine Institute for Development Studies.
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    Keywords

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    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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