Cover Image

Exploring Cultural Determinants of Tenure Decisions: Evidence from an Owning-Centric Context

Most countries are still nations of homeowners, i.e. owning-centric despite home ownership being an economically irrational tenure due to its long-term financial risk. Seemingly, pre-existing social and institutional factors also shape people's tenure decisions, which supports a cultural explan...

Full description

Saved in:
Bibliographic Details
Main Authors: Hamzah, Hasniyati, Ismail, Mohd Nazari, Suawa, Rini Novelia
Format: Article
Published: Routledge 2024
Subjects:
HF Commerce
TH Building construction
Online Access:http://eprints.um.edu.my/45487/
https://doi.org/10.1080/14036096.2024.2326175
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.um.eprints.45487
record_format eprints
spelling my.um.eprints.454872024-10-22T08:37:09Z http://eprints.um.edu.my/45487/ Exploring Cultural Determinants of Tenure Decisions: Evidence from an Owning-Centric Context Hamzah, Hasniyati Ismail, Mohd Nazari Suawa, Rini Novelia HF Commerce TH Building construction Most countries are still nations of homeowners, i.e. owning-centric despite home ownership being an economically irrational tenure due to its long-term financial risk. Seemingly, pre-existing social and institutional factors also shape people's tenure decisions, which supports a cultural explanation of tenure decisions. This paper frames the examination of tenure decisions from a cultural perspective in Malaysia, a Southeast Asian country with a strong home ownership tradition characterised by inflated house prices in its major cities and high household debts. A qualitative approach was adopted, involving a focus group discussion (FGD) and an open-ended online questionnaire survey (OQS). Two input categories (parental and societal) and five cultural determinants (filial piety, parental care, emulation, virtue signalling and status symbol) of tenure decisions were discerned. Considering the current trajectory of the global economy and local housing market, an honest reconsideration of the home ownership culture in Malaysia is proposed. Routledge 2024-05 Article PeerReviewed Hamzah, Hasniyati and Ismail, Mohd Nazari and Suawa, Rini Novelia (2024) Exploring Cultural Determinants of Tenure Decisions: Evidence from an Owning-Centric Context. Housing, Theory & Society, 41 (3, SI). pp. 397-416. ISSN 1403-6096, DOI https://doi.org/10.1080/14036096.2024.2326175 <https://doi.org/10.1080/14036096.2024.2326175>. https://doi.org/10.1080/14036096.2024.2326175 10.1080/14036096.2024.2326175
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HF Commerce
TH Building construction
spellingShingle HF Commerce
TH Building construction
Hamzah, Hasniyati
Ismail, Mohd Nazari
Suawa, Rini Novelia
Exploring Cultural Determinants of Tenure Decisions: Evidence from an Owning-Centric Context
description Most countries are still nations of homeowners, i.e. owning-centric despite home ownership being an economically irrational tenure due to its long-term financial risk. Seemingly, pre-existing social and institutional factors also shape people's tenure decisions, which supports a cultural explanation of tenure decisions. This paper frames the examination of tenure decisions from a cultural perspective in Malaysia, a Southeast Asian country with a strong home ownership tradition characterised by inflated house prices in its major cities and high household debts. A qualitative approach was adopted, involving a focus group discussion (FGD) and an open-ended online questionnaire survey (OQS). Two input categories (parental and societal) and five cultural determinants (filial piety, parental care, emulation, virtue signalling and status symbol) of tenure decisions were discerned. Considering the current trajectory of the global economy and local housing market, an honest reconsideration of the home ownership culture in Malaysia is proposed.
format Article
author Hamzah, Hasniyati
Ismail, Mohd Nazari
Suawa, Rini Novelia
author_facet Hamzah, Hasniyati
Ismail, Mohd Nazari
Suawa, Rini Novelia
author_sort Hamzah, Hasniyati
title Exploring Cultural Determinants of Tenure Decisions: Evidence from an Owning-Centric Context
title_short Exploring Cultural Determinants of Tenure Decisions: Evidence from an Owning-Centric Context
title_full Exploring Cultural Determinants of Tenure Decisions: Evidence from an Owning-Centric Context
title_fullStr Exploring Cultural Determinants of Tenure Decisions: Evidence from an Owning-Centric Context
title_full_unstemmed Exploring Cultural Determinants of Tenure Decisions: Evidence from an Owning-Centric Context
title_sort exploring cultural determinants of tenure decisions: evidence from an owning-centric context
publisher Routledge
publishDate 2024
url http://eprints.um.edu.my/45487/
https://doi.org/10.1080/14036096.2024.2326175
_version_ 1814047567879602176
score 13.211869

Similar Items