“…Elements and events that influence housing decision are dependent on three main aspects: (i) nature of households, e.g., age, gender, marital status, income, assets, children, job (Eppli & Childs, 1995;Jones, 1995;Robst, Deitz, & McGoldrick, 1999;Tan, 2008;VanderHart, 1994), educational background (Asberg, 1999;Ioannides & Rosenthal, 1994), and housing history (Boehm & Schlottman, 2004;Ioannides & Kan, 1996;Kan, 2000); (ii) factors such as basic housing attributes, e.g., room type and area (Ellickson, 1981;Tu, Kwee, & Yuen, 2005), housing expenditure (Ermisch & Salvo, 1996;Robst et al, 1999), and housing location (Boehm & Schlottman, 2004;Cho, 1997); and (iii) macroeconomic factors such as the impact of social environment, e.g., income tax (Fallis, 1983;Rosen, Rosen, & Holtz-Eakin, 1984), inflation (Follain, 1982), macroeconomic shifts (Clark, Deurloo, & Dieleman, 1994), related laws (Brownstone, 1988), and housing policy (Bourassa & Yin, 2006, 2008. There are also some individual psychological elements such as expected mobility (Kan, 2000;Schulz, Wersing, & Werwatz, 2014), eagerness for housing ownership (Seko & Sumita, 2007) and housing market expectation (Ho, 2006;Kraft & Munk, 2011). Generally, a longitude analysis is performed when focusing on individual lifecycle and trigger events such as childbirth, marriage, and tax fluctuation (Andrew & Meen.…”