Governing housing affordability problems among younger working households

• Main Authors: Zyed, Zafirah Al Sadat, Tedong, Peter Aning, Wan Abd Aziz, Wan Nor Azriyati, Hanif, Noor Rosly
• Format: Article
• Published: Construction Research Institute of Malaysia 2021
• Subjects: TA Engineering (General). Civil engineering (General)
• Online Access: http://eprints.um.edu.my/35709/

Housing affordability problems bring an impact especially to the income capability of new entrants in the housing purchasing market. These new entrants are predominantly younger working households (YWH) who are at the lower end of the income distribution as they are in the early stages of their working career. The problem of providing affordable housing is not new. However, the provision of affordable housing to close the gap in the market for YWH is a problem. The aim of this study is to examine the problems of housing affordability among YWH in terms of governing housing affordability. The selected respondents were interviewed at least 30 minutes based on the semi-structured interview questions. The findings revealed that the state identified one of the housing affordability problems among YWH is influence by house price. In addition, there is less opportunity for YWH to purchase a house in urban area. Apart from that, lack of financial literacy among YWH is due to the upbringing of YWH from well off parents. © 2021, Construction Research Institute of Malaysia. All rights reserved.