Leaving Home and Entering the Housing Market

William A V Clark and Clara H Mulder
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William A V Clark: University of California, Los Angeles, Department of Geography, 1255 Bunche Hall, Box 951524, Los Angeles, CA 90095-1524
Clara H Mulder: Utrecht University, Urban Research Centre Utrecht, PO Box 80.115, NL-3508 TC Utrecht, The Netherlands

Environment and Planning A, 2000, vol. 32, issue 9, 1657-1671

Abstract: We use a multinomial choice model of owning a home, owning a trailer, or renting to examine the housing-market entry of young adults in the USA after they have left the parental home. We also model the choice between renting independently and sharing with roommates. We show that the likelihood of becoming an independent actor in the housing market is closely related to the size and regional location of the housing market. The young adult's resources are an important influence on housing-market entry. Parents' resources seem to be less important as a factor in housing selection. Whereas trailer ownership is more common among the less well educated, couples, and those leaving home to live in the South or in rural areas, sharing is typical for the younger nest leavers, singles, and those leaving home to live in the cities.

Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:32:y:2000:i:9:p:1657-1671

DOI: 10.1068/a3315

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