A Study on the Effect of Housing Choice on Residential Satisfaction in Seoul Metropolitan Area : Focusing on Characteristics by Region, Life Cycle, and Income

Abstract

The purpose of this study is to reveal the effect of housing choice factors and resident characteristics on housing satisfaction by region, income, and life cycle using data from the Korea Labor Survey Panel through regression analysis. As a result of the analysis, the following results and implications were derived. First, housing choice factors do not necessarily have a positive effect on housing satisfaction, and housing choice that expects an increase in real estate value has a negative effect on housing satisfaction. In addition, it is necessary to provide an equal educational environment and comfortable living environment for each living area, and to provide appropriate convenience facilities for living areas with low residential satisfaction. Second, affordable rental housing should be provided near employment sites or public transportation to increase employment accessibility for young people in Seoul and Gyeonggi-do, while providing affordable housing for young people from low-income families. In addition, long-term rental housing and job support should be continued for the middle-aged and elderly, and housing repair and care services should be provided in areas densely populated with the elderly.