Buying vs. Renting a Home in View of Young Adults in Poland

The deteriorating housing situation of young adults in many countries has become a subject of global interest. Researchers point to a number of factors that influence young adults’ decisions to own or rent a home. This paper examines the relationship between young adults’ inclination to own their ow...

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Autores principales:	Marek Bryx, Janusz Sobieraj, Dominik Metelski, Izabela Rudzka
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	renting vs. home ownership housing preferences of young adults in Poland logistic regression analysis Agriculture S
Acceso en línea:	https://doaj.org/article/8163965a85404610ba5f0c36e5a722fe
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spelling	oai:doaj.org-article:8163965a85404610ba5f0c36e5a722fe2021-11-25T18:09:31ZBuying vs. Renting a Home in View of Young Adults in Poland10.3390/land101111832073-445Xhttps://doaj.org/article/8163965a85404610ba5f0c36e5a722fe2021-11-01T00:00:00Zhttps://www.mdpi.com/2073-445X/10/11/1183https://doaj.org/toc/2073-445XThe deteriorating housing situation of young adults in many countries has become a subject of global interest. Researchers point to a number of factors that influence young adults’ decisions to own or rent a home. This paper examines the relationship between young adults’ inclination to own their own home and a range of different socio-economic factors. The study is of a quantitative-qualitative nature and was based on the results of a computer-assisted web interview (CAWI) questionnaire. The survey was conducted among young Poles aged 18–45 (<i>n</i> = 983). To analyse the results of the questionnaires, a logistic regression was used in which 24 different dichotomous and categorical variables were considered. Taking into account a number of individual characteristics (e.g., gender, education, hometown population size, etc.), the results show, for example, that single individuals and those with a higher level of tolerance for mortgage interest rates are more likely to own a home than to rent. This result highlights the desirability of easier access to mortgage credit. At the other end of the spectrum are those living with parents and those with dependents. The results imply that they are less interested in buying a home. Interestingly, declarations of a lack of funds for an own contribution when buying a new house/dwelling, or reluctance to expose oneself to financial difficulties throughout one’s life, do not discourage young adults from striving for their own dwelling, which further demonstrates the need to create appropriate mechanisms/instruments to facilitate the purchase of a dwelling for young adults.Marek BryxJanusz SobierajDominik MetelskiIzabela RudzkaMDPI AGarticlerenting vs. home ownershiphousing preferences of young adults in Polandlogistic regression analysisAgricultureSENLand, Vol 10, Iss 1183, p 1183 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	renting vs. home ownership housing preferences of young adults in Poland logistic regression analysis Agriculture S
spellingShingle	renting vs. home ownership housing preferences of young adults in Poland logistic regression analysis Agriculture S Marek Bryx Janusz Sobieraj Dominik Metelski Izabela Rudzka Buying vs. Renting a Home in View of Young Adults in Poland
description	The deteriorating housing situation of young adults in many countries has become a subject of global interest. Researchers point to a number of factors that influence young adults’ decisions to own or rent a home. This paper examines the relationship between young adults’ inclination to own their own home and a range of different socio-economic factors. The study is of a quantitative-qualitative nature and was based on the results of a computer-assisted web interview (CAWI) questionnaire. The survey was conducted among young Poles aged 18–45 (<i>n</i> = 983). To analyse the results of the questionnaires, a logistic regression was used in which 24 different dichotomous and categorical variables were considered. Taking into account a number of individual characteristics (e.g., gender, education, hometown population size, etc.), the results show, for example, that single individuals and those with a higher level of tolerance for mortgage interest rates are more likely to own a home than to rent. This result highlights the desirability of easier access to mortgage credit. At the other end of the spectrum are those living with parents and those with dependents. The results imply that they are less interested in buying a home. Interestingly, declarations of a lack of funds for an own contribution when buying a new house/dwelling, or reluctance to expose oneself to financial difficulties throughout one’s life, do not discourage young adults from striving for their own dwelling, which further demonstrates the need to create appropriate mechanisms/instruments to facilitate the purchase of a dwelling for young adults.
format	article
author	Marek Bryx Janusz Sobieraj Dominik Metelski Izabela Rudzka
author_facet	Marek Bryx Janusz Sobieraj Dominik Metelski Izabela Rudzka
author_sort	Marek Bryx
title	Buying vs. Renting a Home in View of Young Adults in Poland
title_short	Buying vs. Renting a Home in View of Young Adults in Poland
title_full	Buying vs. Renting a Home in View of Young Adults in Poland
title_fullStr	Buying vs. Renting a Home in View of Young Adults in Poland
title_full_unstemmed	Buying vs. Renting a Home in View of Young Adults in Poland
title_sort	buying vs. renting a home in view of young adults in poland
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/8163965a85404610ba5f0c36e5a722fe
work_keys_str_mv	AT marekbryx buyingvsrentingahomeinviewofyoungadultsinpoland AT januszsobieraj buyingvsrentingahomeinviewofyoungadultsinpoland AT dominikmetelski buyingvsrentingahomeinviewofyoungadultsinpoland AT izabelarudzka buyingvsrentingahomeinviewofyoungadultsinpoland
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Buying vs. Renting a Home in View of Young Adults in Poland

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