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Income Allocation-Based Housing Demand Model: A Case Study Of Tainan City

Author

Listed:
  • Hao-Ching Hsia
  • Kan-Chung Huang
  • Kuang-Yih Yeh

Abstract

Housing demand is a part of household income allocation. Household income allocation can be separated into three parts including general consumption (composite goods, services and leisure), housing consumption and saving. Therefore, income allocation has a strong effect on housing demand. The official ìhome-based trip data in the Tainan metropolisî and ìhousehold income and expenditure data in Tainan cityî will be used to establish a model of householdsí income allocation. The model will be a log-linear model and be constructed under the hypothesis of utility maximization. Furthermore, household total income will be replaced by housing consumption which was calculated from a previous model to analyze household housing demand. It will be more precise than existing models.

Suggested Citation

  • Hao-Ching Hsia & Kan-Chung Huang & Kuang-Yih Yeh, 2006. "Income Allocation-Based Housing Demand Model: A Case Study Of Tainan City," ERES eres2006_218, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2006_218
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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