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Indexed by:期刊论文

Date of Publication:2015-12-01

Journal:JOURNAL OF URBAN PLANNING AND DEVELOPMENT

Included Journals:SCIE、SSCI、Scopus

Volume:141

Issue:4

ISSN No.:0733-9488

Key Words:Residential location choice; Housing affordability; Logit model; Stated preference

Abstract:This paper aims to investigate the impacts of housing affordability, which can be denoted as the ratio of housing price (HP) and monthly expense per person (EXP), travel time to the city center, distance to a subway station, and schooling on residents' apartments purchasing behavior in Dalian, China. The paper employed a logit model based on stated preference (SP) data. Results show that travel time to the city center (by subway) and housing affordability have negative effects on individual utility. This reveals that residents tend to buy apartments near the city center based on their income. Considering a series of negative external factors, distance to a subway station is positive to utility. Moreover, the willingness for residents to pay for different attributes varies according to their levels of EXP. At last the elasticity of different variables is analyzed and 180 additional data points are used to test the model. The testing result shows that the model can satisfy the basic requirement. (C) 2014 American Society of Civil Engineers.