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Consumption and Tenure Choice of Multiple Homes in Transitional Urban China

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  • Youqin Huang
  • Chengdong Yi

Abstract

As China is becoming a country of homeowners, multiple homeownership is emerging. The existing literature on tenure choice focuses on the primary home and the literature on the consumption of multiple homes focuses on second homeownership only. We argue that decisions regarding whether to have multiple homes and what kind of tenures to have for multiple homes are all part of the complex decision-making for the ‘housing portfolio’, thus have to be understood together. With a conceptual framework that features both socio-economic and institutional determinants and 2005 China General Social Survey data, this paper studies the patterns and tenure dynamics of multiple homes in urban China. While life-cycle, affordability and generational transfer contribute to the consumption and tenure decision of multiple homes, the persisting household registration system and continuing allocation of subsidised housing lead to the peculiar tenure combination of renting one home and owning additional homes, and living in public housing and owning additional homes.

Suggested Citation

  • Youqin Huang & Chengdong Yi, 2010. "Consumption and Tenure Choice of Multiple Homes in Transitional Urban China," International Journal of Housing Policy, Taylor & Francis Journals, vol. 10(2), pages 105-131.
    • Handle: RePEc:taf:intjhp:v:10:y:2010:i:2:p:105-131
    DOI: 10.1080/14616718.2010.480852
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    Citations

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    Cited by:

    1. Zan Yang & Ying Fan & Liqing Zhao, 2018. "A Reexamination of Housing Price and Household Consumption in China: The Dual Role of Housing Consumption and Housing Investment," The Journal of Real Estate Finance and Economics, Springer, vol. 56(3), pages 472-499, April.
    2. Jidong Yang & Kai Liu & Yiran Zhang, 2019. "Happiness Inequality in China," Journal of Happiness Studies, Springer, vol. 20(8), pages 2747-2771, December.
    3. Marianna Brunetti & Costanza Torricelli, 2012. "Second Homes: Households' Life Dream or (Wrong) Investment?," CEIS Research Paper 351, Tor Vergata University, CEIS, revised 04 Aug 2012.
    4. Marianna Brunetti & Costanza Torricelli, 2012. "Second Homes: Households' Life Dream or (Wrong) Investment?," CEIS Research Paper 351, Tor Vergata University, CEIS, revised 04 Aug 2012.
    5. Biao Sun & Shan Yang, 2020. "Asymmetric and Spatial Non-Stationary Effects of Particulate Air Pollution on Urban Housing Prices in Chinese Cities," IJERPH, MDPI, vol. 17(20), pages 1-23, October.
    6. Yang, Jidong & Liu, Kai & Zhang, Yiran, 2015. "Happiness Inequality in China," MPRA Paper 66623, University Library of Munich, Germany.
    7. Zou, Guojian & Lai, Ziliang & Li, Ye & Liu, Xinghua & Li, Wenxiang, 2022. "Exploring the nonlinear impact of air pollution on housing prices: A machine learning approach," Economics of Transportation, Elsevier, vol. 31(C).
    8. Hiroshi Sato & Terry Sicular & Ximing Yue, 2011. "Housing Ownership, Incomes, and Inequality in China, 2002-2007," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 201112, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    9. Coulson, N. Edward & Tang, Mingzhe, 2013. "Institutional and demographic influences on the presence, scale and geographic scope of individual Chinese real estate investment," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 187-196.

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