The effect of culture on home‐ownership

Marcén, Miriam; Morales, Marina

doi:10.1111/jors.12433

Cited by 14 publications

(5 citation statements)

References 41 publications

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“…Cultural norms significantly mold property preferences, shaping housing choices and community living, providing crucial socio-cultural insights (Marcén & Morales. 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Adapting To Change: A Study Of Post-Pandemic Millennial Housing Preferences

Bedi,

Aswin Rahadi

2024

Ecombis. Rev. J. Ilm. Eco. and Bussines.

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The COVID-19 pandemic has fundamentally altered societal dynamics, particularly in the realm of residential preferences. This thesis investigates the shifting trends in post-pandemic housing preferences and their impact on residential decision-making. Key factors such as size, layout, amenities, location, outdoor spaces, and technological advancements are scrutinized to comprehend the shifting landscape of residential choices. The study reveals an increased emphasis on home office spaces and adaptable layouts as a response to the pandemic's transformative influence. It also highlights a growing inclination towards outdoor spaces like gardens and multi-function rooms due to the increasing trend of working at home during and after pandemic. Additionally, changing priorities in location selection and the rising importance of health-related aspects in home design are explored. Employing qualitative methods, the research conducts semi-structured interviews with eleven (11) diverse respondents to gain insights into post-COVID-19 house preferences and decision-making processes. The findings provide valuable guidance for real estate professionals, urban planners, and architects, aiding them in adjusting to the evolving needs and preferences of residents. Beyond academic realms, the study carries practical implications, contributing to the creation of innovative housing solutions aligned with changing preferences and responsive to post-pandemic societal demands. Ultimately, it seeks to inform policymakers and stakeholders, facilitating the development of sustainable residential environments that effectively address the evolving needs of individuals and communities in the aftermath of the COVID-19 pandemic.

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“…Cultural norms significantly mold property preferences, shaping housing choices and community living, providing crucial socio-cultural insights (Marcén & Morales. 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Adapting To Change: A Study Of Post-Pandemic Millennial Housing Preferences

Bedi,

Aswin Rahadi

2024

Ecombis. Rev. J. Ilm. Eco. and Bussines.

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“…Under different cultural backgrounds, residents’ family concepts and intergenerational relationships vary widely, and their housing consumption preferences will also change accordingly, which will lead to differences in their housing tenure choice. In terms of research on culture on homeownership choices, Marcén and Morales (2020) analyzed the role of culture in determining whether an individual is a homeowner using data from first-generation immigrants arriving in the United States under the age of 6, suggesting that culture is a homeownership decision important factors. Cultural differences and policy biases affect housing rental and purchase choices ( Tabner, 2016 ).…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

“…Therefore, it seems critical to consider other factors that influence homeownership choices. Some studies have shown that culture is an important factor influencing consumers’ housing consumption decisions ( Marcén and Morales, 2020 ). Particularly in the Chinese cultural context, housing consumption behavior is not only a commodity-rich behavior, but it is also a socio-culturally distinct behavior.…”

Section: Introductionmentioning

confidence: 99%

Renting vs. Owning: Public Stereotypes of Housing Consumption Decision From the Perspective of Confucian Culture: Evidence From Event-Related Potentials

Liu

Cheng

et al. 2022

Front. Psychol.

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The ideas of face consciousness, group conformity, extended family concept, and crisis consciousness in Confucian culture have a subtle and far-reaching impact on housing consumption decision among the Chinese public, forming a housing consumption model of “preferring to own a house rather than rent one.” The poor interaction between the housing rental market and the sales market caused by the shortage of rental demand and irrational purchasing behaviors has led to soaring house prices and imbalance between supply and demand that prevail in major cities in China. To gain a deeper understanding of public cognitive attitude toward decisions on owning and renting a house, this study divided the subjects into high and low impact groups based on the overall Confucian culture and four subdimensions. It attempts to take a cognitive neuroscience approach for assessing public stereotypes of housing consumption decision with different types based on the analysis of event-related potentials (ERPs). The results are as follows. First, overall, there is an obvious implicit stereotype of renting a house and explicit stereotype of owning a house among the public. Second, ERPs data show that descriptions of renting a house with positive adjectives could evoke more significant N400 responses. In other words, in the heuristic system, the public perceive that renting a house is restrictive, stressful, unhappy, and crisis. Data from subjective reports show that, after processing information in the analytic system, the public tend to think that owning a house is self-contained, restful, warm, and comfortable. Third, a more negative stereotype of renting a house exists in the high Confucian culture influence group (HIC) Group than in the low Confucian culture influence group (LIC) Group, and is more inclined to own a home. Fourth, under the Confucian culture sub-dimension, there are differences in housing consumption stereotypes between high and low groups in terms of extended family concept, group conformity, and crisis consciousness. Fifth, the moderating effect analysis found that perceived usefulness, trust in the rental market, and policy perception can be important factors in guiding public housing consumption stereotypes.

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“…E.g. Marcén and Morales [ 7 ] found out that culture understood as a set of different values, beliefs, traditions etc. is a significant factor in home-ownership.…”

Section: Introductionmentioning

confidence: 99%

Links between types of value orientations and consumer behaviours. An empirical study

2022

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The present study concerns the phenomenon of the co-dependence of value orientations and consumer behaviours. Although the idea of the overall connections between both areas is not new, the article contributes to the knowledge about relations between very specific consumer behaviours and social value orientations among people married or in an informal partnership. Using the obtained data, we examine to what extent the prosocial, reciprocal, and egoistic value orientations coexist with compensative, compulsive, and demonstrative buying. The analysis confirms the hypotheses that representatives of the reciprocal and egoistic orientations show susceptibility to compensative and compulsive buying to a greater extent than persons preferring other value orientations. In addition, the data show co-dependence of the reciprocal value orientation and demonstrative buying, while the prosocial value orientation seems to protect against compulsive buying. According to the regression analysis, this effect disappears if prosocially oriented persons suffer from low self-esteem at the same time being characterised by strong materialism. All hypothesised relations between value orientations and consumer behaviours have been analysed in multidimensional models considering materialism, self-esteem, age, and gender as the main factors of compensative and compulsive buying. The findings come from the 2017 survey based on a statistically representative sample of 1,121 adult Poles who were then married or in an informal partnership. The German Compulsive Buying Indicator and Lange’s Scale of Demonstrative Buying were introduced to measure consumer behaviours.

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The effect of culture on home‐ownership

Cited by 14 publications

References 41 publications

Adapting To Change: A Study Of Post-Pandemic Millennial Housing Preferences

Adapting To Change: A Study Of Post-Pandemic Millennial Housing Preferences

Renting vs. Owning: Public Stereotypes of Housing Consumption Decision From the Perspective of Confucian Culture: Evidence From Event-Related Potentials

Links between types of value orientations and consumer behaviours. An empirical study

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