“…Starting from Alonso's (1964) location theory that workers trade-off between commuting and housing costs, current residential location theory becomes more delicate: consumers seek a dwelling unit that maximizes their utility by weighting a list of residence attributes-tenure, size (Clark et al 1996), cost (McFadden 1978-and neighborhood traits-amenities, crime levels, quality of schools (Clark et al 2006), accessibility to work and non-work activities (Waddell 1993;Weisbrod et al 1980), and ethnic composition and social network (Scheiner and Kasper 2003)-both contributing to the supply of housing. The attributes of individuals/households compose the demand for residential location, including socioeconomic characteristics like age, household size, number of children, personality/life style (e.g., status seeker, workaholic; Schwanen and Mokhtarian 2007), and attitudes about family, labor, leisure, environment, land use, travel (Salomon and Ben-Akiva 1983), neighborhood image (Bagley and Mokhtarian 2002), number of workers, and life cycle.…”