The Link between Homeownership Motivation and Housing Satisfaction

Teck Hong Tan and Kok Wei Khong

MPRA Paper from University Library of Munich, Germany

Abstract: It is reasonable to believe that the degree of housing satisfaction may depend on the motivation of home owning as motivation has been an important reason in the explanation of homeownership. There is little empirical evidence demonstrating how homeownership motivation, as defined by local amenities investment, social capital investment, residential stability, and financial benefits of home owning affect housing satisfaction in the Malaysian context. In this paper, Structural Equation Modeling (SEM) was used to examine the link between homeownership motivation and housing satisfaction. Results showed that social capital investment and residential stability of homeownership appears to be important determinants of housing satisfaction. The findings also indicated that interdependencies among homeownership motivation variables were important extensions of the housing satisfaction model because they help improve the ability of model to predict housing satisfaction.

Keywords: Homeownership; Motivation; Housing Satisfaction; Structural Equation Modeling (SEM) (search for similar items in EconPapers)
JEL-codes: R21 R31 R38 (search for similar items in EconPapers)
Date: 2012-04-18
New Economics Papers: this item is included in nep-sea and nep-ure
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Published in International Journal of Economics and Management 1.6(2012): pp. 1-20

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