An Empirical Study of the Housing-Price-to-Income Ratio of Some Typical Cities on the Basis of Purchase Installment Payment Model
- Yi Zhang, Jun Tan
- Corresponding Author
- Yi Zhang
Available Online December 2013.
- https://doi.org/10.2991/mdhss-13.2013.22How to use a DOI?
- housing-price-to-income ratio, income level, housing affordability, housing markets
- In recent years housing price has fluctuated violently, which aroused great social concern. The government introduces some regulatory measures to inhibit the growth of housing price. This paper try to discuss the housing affordability of residents, which is based on Housing-price-to-income Ratio(HPIR) and Purchase Installment Payment Model. After the calculation the reasonable HPIR interval is 3 to 8 in China. It’s obviously that the HPIR of First-tier cities and Second-tier cities exceeds the reasonable interval, while the HPIR of Third-tier cities and Fourth-tier cities lies the reasonable interval.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Yi Zhang AU - Jun Tan PY - 2013/12 DA - 2013/12 TI - An Empirical Study of the Housing-Price-to-Income Ratio of Some Typical Cities on the Basis of Purchase Installment Payment Model BT - 2013 International Conference on the Modern Development of Humanities and Social Science PB - Atlantis Press SN - 1951-6851 UR - https://doi.org/10.2991/mdhss-13.2013.22 DO - https://doi.org/10.2991/mdhss-13.2013.22 ID - Zhang2013/12 ER -