IDEAS home Printed from https://ideas.repec.org/a/vrs/remava/v29y2021i2p71-83n2.html
   My bibliography  Save this article

Housing Tenure Preferences among Students from Two Polish Universities

Author

Listed:
  • Rubaszek Michał

    (Warsaw School of Economics)

  • Rubaszek Justyna

    (Wroclaw University of Environmental and Life Sciences)

Abstract

The housing rental market in Poland is underdeveloped and tilted towards temporary tenants, usually students and immigrants. To explore the flaws in the functioning of this market, we conduct a survey among 315 students from two Polish universities. We find that renting is not only perceived as a more expensive form of satisfying housing needs, but decreases satisfaction from utilizing the occupied house due to non-financial factors. Moreover, the perception of the relative advantages of owning versus renting is, to some extent, affected by flawed economic reasoning. Building on the above results, we discuss what policies could increase the demand for residential rental housing.

Suggested Citation

  • Rubaszek Michał & Rubaszek Justyna, 2021. "Housing Tenure Preferences among Students from Two Polish Universities," Real Estate Management and Valuation, Sciendo, vol. 29(2), pages 71-83, June.
    • Handle: RePEc:vrs:remava:v:29:y:2021:i:2:p:71-83:n:2
    DOI: 10.2478/remav-2021-0014
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/remav-2021-0014
    Download Restriction: no
    File URL: https://libkey.io/10.2478/remav-2021-0014?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Aida Caldera Sánchez & Dan Andrews, 2011. "To Move or not to Move: What Drives Residential Mobility Rates in the OECD?," OECD Economics Department Working Papers 846, OECD Publishing.
    2. Diaz-Serrano, Luis, 2009. "Disentangling the housing satisfaction puzzle: Does homeownership really matter?," Journal of Economic Psychology, Elsevier, vol. 30(5), pages 745-755, October.
    3. Todd Sinai & Nicholas S. Souleles, 2005. "Owner-Occupied Housing as a Hedge Against Rent Risk," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 763-789.
    4. Michal Rubaszek & Margarita Rubio, 2020. "Does the rental housing market stabilize the economy? A micro and macro perspective," Empirical Economics, Springer, vol. 59(1), pages 233-257, July.
    5. Michał Rubaszek & Adam Czerniak, 2017. "Preferencje Polaków dotyczące struktury własnościowej mieszkań: opis wyników ankiety," Bank i Kredyt, Narodowy Bank Polski, vol. 48(2), pages 197-234.
    6. Bourassa Steven C., 1995. "A Model of Housing Tenure Choice in Australia," Journal of Urban Economics, Elsevier, vol. 37(2), pages 161-175, March.
    7. Rachel Bogardus Drew & Christopher E. Herbert, 2013. "Postrecession Drivers of Preferences for Homeownership," Housing Policy Debate, Taylor & Francis Journals, vol. 23(4), pages 666-687, October.
    8. Michal Rubaszek, 2019. "Private rental housing market underdevelopment: life cycle model simulations for Poland," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 19(2), pages 334-358.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Justyna Rubaszek & Janusz Gubański & Anna Podolska, 2023. "Do We Need Public Green Spaces Accessibility Standards for the Sustainable Development of Urban Settlements? The Evidence from Wrocław, Poland," IJERPH, MDPI, vol. 20(4), pages 1-26, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michał Rubaszek & Adam Czerniak, 2017. "Preferencje Polaków dotyczące struktury własnościowej mieszkań: opis wyników ankiety," Bank i Kredyt, Narodowy Bank Polski, vol. 48(2), pages 197-234.
    2. Michal Rubaszek, 2017. "Reforming housing rental market in a life-cycle model," KAE Working Papers 2017-028, Warsaw School of Economics, Collegium of Economic Analysis.
    3. Michal Rubaszek & Margarita Rubio, 2020. "Does the rental housing market stabilize the economy? A micro and macro perspective," Empirical Economics, Springer, vol. 59(1), pages 233-257, July.
    4. Adam Czerniak & Michał Rubaszek, 2018. "The Size of the Rental Market and Housing Market Fluctuations," Open Economies Review, Springer, vol. 29(2), pages 261-281, April.
    5. Li, Yaoyao & Qi, Yuan & Liu, Licheng & Hou, Yuchen & Fu, Shuya & Yao, Jingtao & Zhu, Daolin, 2022. "Effect of increasing the rental housing supply on house prices: Evidence from China’s large and medium-sized cities," Land Use Policy, Elsevier, vol. 123(C).
    6. Dongshin Kim & Youngme Seo & Julia Freybote, 2021. "Urbanity, Financial Crisis and the Timing of Homebuying Decisions by Young Households," The Journal of Real Estate Finance and Economics, Springer, vol. 62(4), pages 481-507, May.
    7. Ehsan Latif, 2021. "Homeownership and happiness: evidence from Canad," Economics Bulletin, AccessEcon, vol. 41(1), pages 1-17.
    8. Hill, Robert J. & Syed, Iqbal A., 2016. "Hedonic price–rent ratios, user cost, and departures from equilibrium in the housing market," Regional Science and Urban Economics, Elsevier, vol. 56(C), pages 60-72.
    9. Stotz, Olaf, 2019. "The perception of homeownership utility: Short-term and long-term effects," Journal of Housing Economics, Elsevier, vol. 44(C), pages 99-111.
    10. Matel Anna, 2021. "Tenure Status in Life Cycle Cohorts in Poland," Real Estate Management and Valuation, Sciendo, vol. 29(3), pages 1-12, September.
    11. Tianzheng Zhang & Yingxiang Zeng & Yingjie Zhang & Yan Song & Hongxun Li, 2020. "The Heterogenous Demand for Urban Parks between Home Buyers and Renters: Evidence from Beijing," Sustainability, MDPI, vol. 12(21), pages 1-16, October.
    12. John Y. Campbell, 2016. "Restoring Rational Choice: The Challenge of Consumer Financial Regulation," American Economic Review, American Economic Association, vol. 106(5), pages 1-30, May.
    13. Mitchell, Olivia S. & Piggott, John, 2004. "Unlocking housing equity in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 18(4), pages 466-505, December.
    14. Antonia Diaz & Maria Jose Luengo Prado, 2008. "On the User Cost and Homeownership," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(3), pages 584-613, July.
    15. Anil Kumar, 2018. "Do Restrictions on Home Equity Extraction Contribute to Lower Mortgage Defaults? Evidence from a Policy Discontinuity at the Texas Border," American Economic Journal: Economic Policy, American Economic Association, vol. 10(1), pages 268-297, February.
    16. Justo Manrique & Kalu Ojah, 2003. "The demand for housing in Spain: an endogenous switching regression analysis," Applied Economics, Taylor & Francis Journals, vol. 35(3), pages 323-336.
    17. Damian S. Damianov & Diego Escobari, 2021. "Getting on and Moving Up the Property Ladder: Real Hedging in the U.S. Housing Market Before and After the Crisis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(4), pages 1201-1237, December.
    18. Frick, Joachim R. & Grabka, Markus M. & Smeeding, Timothy M. & Tsakloglou, Panos, 2010. "Distributional Effects of Imputed Rents in Five European Countries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 19(3), pages 167-179.
    19. Gerardi Kristopher & Willen Paul, 2009. "Subprime Mortgages, Foreclosures, and Urban Neighborhoods," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(3), pages 1-37, March.
    20. Rutger-Jan Lange & Coen N. Teulings, 2021. "The option value of vacant land: Don't build when demand for housing is booming," Tinbergen Institute Discussion Papers 21-022/IV, Tinbergen Institute.

    More about this item

    Keywords

    Housing tenure choice; household preferences; survey;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:remava:v:29:y:2021:i:2:p:71-83:n:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.