46 percent of office workers rent houses: survey

The China Post news staff

TAIPEI, Taiwan — Up to 46 percent of salaried office workers are house renters, with 30 percent of them having been married, according to findings of a survey released yesterday by the 1111 Job Bank, an online job matching firm. The job bank conducted an online survey of office workers to learn their residential situations Oct. 2-15, with a total of 1,155 effective respondents.

The survey showed that 31.82 percent of those office workers who rent houses said they were forced to do so because their incomes are too low to enable them to buy houses; 28.98 percent said their working places are not in the city or county where their own houses are located; and another 17.04 percent noted they failed to secure stable incomes to repay housing loans.

It was also found that salaried office workers spent an average of 23.1 percent of their monthly incomes on paying house rentals, but up to 65.34 percent of the respondents saw their monthly house rental payment account for 11 to 30 percent of their monthly incomes.

Meanwhile, 69.32 percent of the polled said “house rental” is the most important factor behind their renting decision, followed by 42.61 percent for “distance to working place” and 38.64 percent for living mechanism and convenience. The survey also indicated that house renters are mostly plagued by, in declining order, high rentals (55.11 percent), house maintenance and repair (40.34 percent) and undesirable living habits of other roommates (29.55 percent). Up to 71.59 percent of house renters said they have no plans to purchase houses in the coming two years, due to high housing prices (30.95 percent), work or income not stable (26.19 percent) and lack of sufficient down payment (14.29 percent). By contrast, the remaining 28.41 percent said they would purchase houses within the next two years.