INCOME ALLOCATION-BASED HOUSING DEMAND MODEL: A CASE STUDY OF TAINAN CITY
||Hsia, Hao-Ching; Kan-Chung Huang; Kuang-Yih Yeh
||INCOME ALLOCATION-BASED HOUSING DEMAND MODEL: A CASE STUDY OF TAINAN CITY
||Book of Abstracts: 13th Annual European Real Estate Society Conference in Weimar, Germany
||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 “home-based trip data in the Tainan metropolis” and “household income and expenditure data in Tainan city” will be used to establish a model of households’ 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.
||housing demand; household income allocation; housing consumption
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