Measuring Young Professionals’ Housing Affordability in Greater Kuala Lumpur

 
 
 
  • Abstract
  • Keywords
  • References
  • PDF
  • Abstract


    A plethora of approaches applied for measuring the housing affordability. Undoubtedly, the housing cost and household income are ubiquitous predictors to address the housing affordability. Besides, housing policies also receive an enormous attention in debating this issue. This study, therefore, presents the predictors of transportation cost along with other factors in addressing housing affordability for young professionals. Equally, important, individual life event is also highlighted as this matter is being given less attention. By adopting these dimensions, it is idyllic in associating the study gap. Young professionals are individuals aged between 25 and 35 years old and either working or living in Greater Kuala Lumpur with at least a bachelor’s degree qualification and registered through the professional firm. The purpose of the study is first, to measure young professionals’ affordability by underpinning the residual income approach and second, to explore the affordability through the housing trajectories concept. Thus, 290 survey data were analysed using the binary logistic regression. The study found that the predictors such as the presence of children, professional for engineer and quantity surveyor, employment status of permanent and other, household expenditure, household income, housing cost, transportation cost, housing location of Petaling Jaya and Putrajaya, are statistically significant to the housing affordability.

     

     


  • Keywords


    Affordable House, Housing Affordability, Housing Trajectories, Residual Income Approach, Young Professionals

  • References


      [1] Shuid, S,”The housing provision system in Malaysia”, Habitat International, 54, (2016), 210–223. https://doi.org/10.1016/j.habitatint.2015.11.021

      [2] Shuid, S.,”Role of the state and market in low cost housing provision in Malaysia: The case study of open registration system for low cost house buyers”, (Unpublished PhD thesis Cardiff University Wales). (2011).

      [3] Bujang A.A, Anthony Jiram W.R, Abu Zarin H, Md. Anuar F.H,”Measuring the gen Y housing affordability problem”. International Journal of Trade, Economics and Finance, 6(1) (2015) 22

      https://doi.org/10.1016/j.habitatint.2015.11.021

      [4] Zairul, M,”Housing dilemma among young starters in Malaysia”. Elixir Sustain, 58, (2013), 14923-14926

      [5] Nozin, A.S., Majid, R.A., & Said, R,”The assessment of expenditure pattern among young couple towards affordability of housing”, Annual Postgraduate Seminar, 8th, (2009)

      [6] Zyed, Z. A. S,”Assessment of housing affordability problems among younger working household in greater Kuala Lumpur”, (Doctoral dissertation, University of Malaya) (2014).

      [7] Belsky E.S, Goodman J, Drew R,”Measuring the nation’s rental housing affordability problems”. The Joint Center for Housing Studies, Harvard University, (2005).

      [8] O’Dell, Smith, M.T, & White, D,”Weaknesses in current measures of housing needs”, Housing and Society, 31(1), (2004), 29–40.

      https://doi.org/10.1080/08882746.2004.11430496

      [9] Linneman P.D. & Megbolugbe I.F,”Housing affordability: Myth or reality?”, Urban Studies, 29,3/4, (1992), 369-392.

      [10] Mattingly K & Morrissey J, ”Housing and transport expenditure: Social-spacial indicators of affordability in Aucland”, Cities, 38, (2014), 69-83. http://dx.doi.org/10.1016/j.cities.2014.01.004

      [11] Clapham, D, The meaning of housing : A pathways approach, The Policy Press, University of Bristol, (2005).

      [12] Sliogeris, E., Crabtree, L., Phipps, P., Johnston, K., & O’Neill, P. Housing affordability literature review and affordable housing program audit. (2008).

      [13] United Nations Population Fund. Framework for action on adolescent & youth. (2007)

      [14] Schizzerrotto, A., & Gasperoni, G. Study on the state of young people and youth policy in Europe (Vol. 1).IARD, Milan. (2001).

      [15] Canada Council on Learning. Health and Learning Environmental Scan (2016)

      [16] Abu.Samah, A.”Emptiness of national youth policy-supporting youth potential through transformation of conflict approach”, Malaysian Journal of Youth Study, 1, (2009),1-22.

      [17] Government of Malaysia. Laws of Malaysia Act 668, youth societies and youth development Act 2007. (2007). Malaysia.

      [18] Bahari. Pergerakan belia: Persoalan dan cabaran. Kuala Lumpur:Institut Kajian Dasar (1995).

      [19] Hamzah. A, Krauss S.E, Noah S.M, Suandi T, Juhari R, Manap J,…& Kassan H. ”Muslim Religiosity and Personality Assessment: Prototype for Nation Building”. Selangor: Institute for Social Sciences Studies (IPSAS)-University Putra Malaysia, (2007).

      [20] Mustari M.I, Menjadi Belia Cemerlang: Belia adalah asset negara yang perlu digilap potensi mereka. Kuala Lumpur. PTS Professional Publishing Sdn. Bhd , (2007).

      [21] Professional. (n.d.) In Oxford Dictionaries. Retrieved from https://www.oxforddictionaries.com

      [22] Bowl, M.”Adult Education in Neoliberal Times: Policies, Philosophies and Professionalism”. Palgrave Macmillan. (2017)

      [23] Flexner, A.”Is social work a profession?”, In official proceedings of the annual meeting, (1915)

      [24] Eraut, M. Developing Professional Knowledge and Competence, Falmer Press. London, (1994)

      [25] Feins, J. D., & Lane, T. S. How much for housing?: New perspectives on affordability and risk. Cambridge, Mass: Abt Books. (1981).

      [26] Jewkes, M., & Delgadillo, L.,” Weaknesses of housing affordability indices used by practitioners”, Journal of Financial Counseling and Planning, (2010), 43–52.

      [27] Robinson, M., Scobie, G. M., & Hallinan, B. Affordability of housing : Concepts , measurement and evidence (No. 06/03). Wellington, New Zealand. (2006).

      [28] Bourassa, S. C,”Measuring the affordability of homeownership”, Urban Studies, 33(10), (1996). 1867–1877. https://doi.org/10.1080/0042098966420

      [29] Bogdon, A.S & Can, A, ”Indicator of local housing affordability: Comparative and spatial approaches”. Real Estate Economics, 25(1), (1997). 43–60.

      [30] Hulchanski, J. D,”The concept of housing affordability: Six contemporary uses of the housing expenditure-to-income”, Housing Studies, 10(4), (1995). 471–492.

      [31] Smith, S. Income, housing wealth and gender inequality. Urban Studies, 27(1), (1990). 67–88. https://doi.org/10.1080/00420989020080041

      [32] Lerman, D. L. & R. W. . The affordability of adequate housing. Journal of American Real Estate & Urban Economics Association, 15(4), (1987). 389–404. https://doi.org/10.1111/1540-6229.00439

      [33] Henman, P., & Jones, A. Exploring the use of residual measures of housing affordability in Australia: Methodologies and concepts. Australian Housing and Urban Research Institute Melbourne, Australia. Mel. (2012).

      [34] Stone, M., Burke, T., & Ralston, L. The residual income approach to housing affordability : the theory and the practice. Melbourne: Australian Housing and Urban Research Institute. (2011).

      [35] Grigsby W.G & Rosenburg, L. Urban Housing Policy.New York: APS Publications,Inc., Center for Urban Policy Research-Rutgers University.(1975).

      [36] Stone, M, ”Shelter Poverty: New ideas on housing affordability”. Temple University Press. (1993). https://doi.org/10.1017/CBO9781107415324.004

      [37] Stone, M. E,”What is housing affordability ? The case for the residual income approach”. Housing policy debate, 17(1), (2006). 151–184.

      [38] Baker, E., Mason, K., & Bentley, R. J,”Measuring Housing Affordability: A Longitudinal Approach”. Urban Policy and Research, 1146 (2015), 1–16. https://doi.org/10.1080/08111146.2015.1034853

      [39] Farmer, M. K., & Barrell, R, ”Entrepreneurship and Government Policy : The Case of the Housing Market”, Journal of Public Policy, 1(3), (1981). 307–332.

      [40] Kendig, H. L,”Housing Careers, Life Cycle and Residential Mobility : Implications for the Housing Market”. Urban Studies, 21, (1984). 271–283. https://doi.org/10.1080/00420988420080541

      [41] Beer, A., Faulkner, D., Paris, C., & Clower, T. Housing Transitions through the life course : Aspirations, Needs and Policy. Bristol: The Policy Press, University of Bristol. (2011).

      [42] Clapham, D,”Housing Pathways : A Post Modern Analytical Framework Housing Pathways : A Post Modern Analytical Framework”, Housing, Theory and Society, 19(2), (2002). 37–41. https://doi.org/10.1080/140360902760385565

      [43] Badcock, B.A. and Beer, A, Home truths: property ownership and housing wealth in Australia, Melbourne: Melbourne University Press. (2000)

      [44] Forrest, R, ”Spatial mobility , tenure mobility , and emerging social divisions in the UK housing market”. Environment and Planning A, 19, (1987). 1611–1630. https://doi.org/10.1068/a191611

      [45] Clapham, D., Rg, R.,Mackie, P., Avenue, V. I. I., Cf, C., Orford, S., … Buckley, K. The housing pathways of young people in the UK. Environment and Planning A, 46, (2014). 2016–2031. https://doi.org/10.1068/a46273


 

View

Download

Article ID: 18329
 
DOI: 10.14419/ijet.v7i3.30.18329




Copyright © 2012-2015 Science Publishing Corporation Inc. All rights reserved.