ABSTRACT
Over the past few decades, many developed countries oriented towards home ownership have undergone increasingly unstable socio-economic and policy conditions (Doling and Ford, 2003; Forrest, 2008; Forrest and Yip, 2011; Horsewood and Neuteboom, 2006; Kurz and Blossfeld, 2004; Ronald and Elsinga, 2012). This has resulted in different housing situations for different generations. Unlike older cohort households, which were supported by high-speed economic development and government subsidies in entering owner-occupied housing markets, younger cohort households are experiencing more volatile economic circumstances and diminishing government support in accessing home ownership. There has thus been an obvious decay in the cycle in which successive generations follow conventional housing paths to property ownership. This creates new challenges in the sustainability of ‘homeowner societies’.
