Spatial Disparity and Residential Assessment of Housing Cost-Burdened Renters
With the expanding rental sector and rising housing expenses, this research aims to compare the socio-demographic, economic, and housing statuses of renters burdened by housing costs in four regions, and also to explore predictors affecting their residential assessment. Using data from the 2020 Kore...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-03-01
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| Series: | Land |
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| Online Access: | https://www.mdpi.com/2073-445X/13/3/394 |
| _version_ | 1827305783328505856 |
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| author | Hyunjeong Lee |
| author_facet | Hyunjeong Lee |
| author_sort | Hyunjeong Lee |
| collection | DOAJ |
| description | With the expanding rental sector and rising housing expenses, this research aims to compare the socio-demographic, economic, and housing statuses of renters burdened by housing costs in four regions, and also to explore predictors affecting their residential assessment. Using data from the 2020 Korean Housing Survey, this cross-sectional study identified 245 cost-burdened households whose housing expenses accounted for more than 25% of their total gross income and living expenses. The results revealed that the majority of renters were single-person households residing in single-room occupancy units of multifamily housing, primarily comprising unemployed older adults aged 50 and over. While earning less than half of the minimum wage, the renters’ living expenses fell well below the minimum cost of living, and more than 40% of the expenditure was spent on housing costs, resulting in cost-overburdened households. With the correlation between income, deposit, and rent, the burden of housing costs and the quality of the residential environment varied among regions. Indeed, the residential assessment of the renters was significantly influenced by urban amenities, and both income deficits and excessive housing cost burdens required inclusive and prompt housing interventions including housing assistance, provision of affordable public housing, income transfer, and transitions from renting to <i>Chonsei</i> arrangements. |
| first_indexed | 2024-04-24T18:06:04Z |
| format | Article |
| id | doaj.art-81e7b6a9090a4415ac6d09ed46612df1 |
| institution | Directory Open Access Journal |
| issn | 2073-445X |
| language | English |
| last_indexed | 2024-04-24T18:06:04Z |
| publishDate | 2024-03-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Land |
| spelling | doaj.art-81e7b6a9090a4415ac6d09ed46612df12024-03-27T13:50:52ZengMDPI AGLand2073-445X2024-03-0113339410.3390/land13030394Spatial Disparity and Residential Assessment of Housing Cost-Burdened RentersHyunjeong Lee0Department of Housing & Interior Design (AgeTech-Service Convergence Major), Kyung Hee University, Seoul 02447, Republic of KoreaWith the expanding rental sector and rising housing expenses, this research aims to compare the socio-demographic, economic, and housing statuses of renters burdened by housing costs in four regions, and also to explore predictors affecting their residential assessment. Using data from the 2020 Korean Housing Survey, this cross-sectional study identified 245 cost-burdened households whose housing expenses accounted for more than 25% of their total gross income and living expenses. The results revealed that the majority of renters were single-person households residing in single-room occupancy units of multifamily housing, primarily comprising unemployed older adults aged 50 and over. While earning less than half of the minimum wage, the renters’ living expenses fell well below the minimum cost of living, and more than 40% of the expenditure was spent on housing costs, resulting in cost-overburdened households. With the correlation between income, deposit, and rent, the burden of housing costs and the quality of the residential environment varied among regions. Indeed, the residential assessment of the renters was significantly influenced by urban amenities, and both income deficits and excessive housing cost burdens required inclusive and prompt housing interventions including housing assistance, provision of affordable public housing, income transfer, and transitions from renting to <i>Chonsei</i> arrangements.https://www.mdpi.com/2073-445X/13/3/394housing cost burdenrentershousing povertyspatial disparityresidential assessment |
| spellingShingle | Hyunjeong Lee Spatial Disparity and Residential Assessment of Housing Cost-Burdened Renters Land housing cost burden renters housing poverty spatial disparity residential assessment |
| title | Spatial Disparity and Residential Assessment of Housing Cost-Burdened Renters |
| title_full | Spatial Disparity and Residential Assessment of Housing Cost-Burdened Renters |
| title_fullStr | Spatial Disparity and Residential Assessment of Housing Cost-Burdened Renters |
| title_full_unstemmed | Spatial Disparity and Residential Assessment of Housing Cost-Burdened Renters |
| title_short | Spatial Disparity and Residential Assessment of Housing Cost-Burdened Renters |
| title_sort | spatial disparity and residential assessment of housing cost burdened renters |
| topic | housing cost burden renters housing poverty spatial disparity residential assessment |
| url | https://www.mdpi.com/2073-445X/13/3/394 |
| work_keys_str_mv | AT hyunjeonglee spatialdisparityandresidentialassessmentofhousingcostburdenedrenters |