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제목 [KRIHS SPECIAL REPORT 39] Housing Support for Young Generation in Korea Responding to Socioeconomic Changes
연구진 Miseon Park 
보고서번호 Special Report 39 발행일 20171231
페이지수 55 과제구분 기타
첨부파일 파일첨부0000090224.pdf
[KRIHS SPECIAL REPORT 39] Housing Support for Young Generation in Korea Responding to Socioeconomic Changes표지
[초록] Summary

Young single adults in Korea recently have faced extended transitional period due to longer education, higher housing price, and gloomy outlook of job market situation. During last three decades, one-person households have emerged from the least popular household type to the most prevalent one, which leads to huge impact on housing demand and policy. However, due to the severe housing shortage, housing policy in Korea has been focused on the massive production of new apartments, support for the households with dependents, and owner-occupation during last several decades. As a result, single person households and young people have hardly regarded as the priority target group to be considered and rather excluded from the policy consideration, even though it is not intended to. Moreover, housing price is not affordable for young-single and private rental market requires higher deposit and/or higher monthly rent for young generation including college students, newly graduate, and newly-weds.

This research is to investigate the housing conditions of young-single in Korea in cluding housing tenure, affordability, rent burden, living conditions, and their housing policy needs, In addition, questionnaire suryey results are incorporated to explore their needs and difficulties in the process of searching, contracting, residing in the private rental market. Finally, the author investigates the question on how the current housing situation has impact on the future life course decision such as seeing someone, getting marriage, having and raising a child, and possessing homeownership.

Results unfold that young-singles, in particular living in Seoul, face housing hardship in entering housing market to mobilize both heavy deposit and monthly rent due to their weak financial ability and instable job conditions. Lack of education and awareness of rental contract practice put them in dangerous and precarious situation when they search dwelling units and make lease contract. Young people also experience unfair treatment from the property owners and real estate agents due to their age and a lack of knowledge. High cost of living in private rental markets and unaffordable housing price make young people in disappointment, resulting in serious negative impact on the future life decision. According to the questionnaire survey, high housing cost and rent burden would have negative impact on their dating, marriage, having a child, and purchasing a home.

Inclusive policy should be put in place for young-single to provide more affordable housing, enhance housing conditions, residential stability, and provide soft services and education. Providing affordable units include utilizing vacant units through remodeling into share housing for singles. Considering housing subsidy for young-single could give them time to save money for the better units and to accumulate higher deposit. Raising public awareness on the way of searching and contracting the units with the rights and responsibility of tenants will be prerequisite to position them in a better situation. Considering young generation would be one of the most urgent and inclusive ways of achieving sustainable society

[목차] Summary

Chapter Ⅰ. Introduction

Chapter Ⅱ. Changing Environment for Housing Policy
1. The Development of Housing Policy
2. Changing Household Structures: Sharp Rise in Single-Person
Households, Sharp Dip in Average Household Size
3. Late Marriage, Lifelong Singlehood, Low Birth Rate, and Aging
4. Need to Prepare for the Future

Chapter Ⅲ. Residential Conditions for Young Households and the
Severity of the Housing Cost Burden
1. Instability in Entering the Housing Market
2. Limited Accessibility to Public Fund and Increased Reliance on Parents
3. Issues in the Housing Funding, Leasing, and Occupancy and
Subsequent Effects
4. Vulnerable Housing Environment
5. Threat of Housing Cost Burden to Expand Working Poor

Chapter Ⅳ. Policy Measure to Support Young Generation
1. Central Government Policy toward Housing Support for
Young Generation
2. Local Government Policy toward Hosing Support for the
Young Generation

Chapter Ⅴ. Future Directions of Housing Support for Young Generation
1. Basic Principles of Support
2. Policy Measures for Housing Support for the Young Generation

Chapter Ⅵ. Conclusion

References