주택금융규제가 주택소비에 미치는 영향

다국어 초록 (Multilingual Abstract)

Housing finance is being used effectively as a means to mitigate the asset constraints that will be encountered in the housing ownership. If household financing regulations are strengthened, households with low-income, low-assets and low-credit ratings are likely to be exposed to borrowing restrictions. Therefore, before deciding whether to strengthen or mitigate housing finance regulations, the government should carefully consider the impact on the actual demander’s housing welfare and low-income and low-net worth class households. In this context, this study simulated the effect of housing finance regulation on housing consumption by income and net worth class.
The simulation results are as follows. Housing consumption is more constrained by net worth constraints than by income constraints. And the restriction of housing consumption by the housing finance regulation was larger in households with a small net worth. In addition, when housing finance regulations are relaxed, showed a greater policy effect to the actual demanders housing stability. Finally, the effect of constraints on investment demand due to tightening of housing finance regulations is relatively small.
Therefore, In order to achieve the policy goal of stable housing for the general public, it is necessary to prepare alternative measures for income limitation, asset limitation, and credit restriction before deciding whether to Strengthen or mitigate housing finance regulations. In addition to policies that focus on housing ownership for housing welfare, it will also be necessary to consider ways to meet Jeonse and Monthly-Rent demand.

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