EFFECT OF FINANCIAL ABILITY OF FIRST-TIME HOME BUYERS ON HOUSE PRICES WITH PARENTAL FINANCIAL ASSISTANCE
PENGARUH KEMAMPUAN FINANSIAL PEMBELI RUMAH PERTAMA KALI TERHADAP HARGA RUMAH DENGAN BANTUAN FINANSIAL ORANG TUA
DOI:
https://doi.org/10.9744/duts.6.2.14-25Keywords:
transfer antargenerasi, pembeli rumah pertama kali, bantuan finansial, intergenerational transfer, first-time home buyer, financial assistanceAbstract
Rumah merupakan salah satu kebutuhan primer. Membeli rumah merupakan salah satu keputusan penting dalam rumah tangga karena nilainya yang besar dan merupakan nilai terbesar dalam portofolio aset keluarga. Namun keterbatasan finansial menjadi salah satu penghambat dalam suatu keluarga untuk membeli rumah. Oleh sebab itu perlunya bantuan finansial orang tua dalam pembelian rumah pertama anaknya. Sehingga penelitian ini bertujuan untuk mengetahui keterlibatan orang tua dalam proses pendanaan pembelian rumah pertama anaknya serta seberapa besar pengaruh bantuan finansial orang tua kepada anaknya dalam membeli rumah pertama kali. Hasil dari penelitian ini menunjukkan bahwa orang tua terlibat dalam pembelian rumah pertama kali untuk anaknya sesuai dengan pendapatannya dan bentuk bantuan yang diberikan. Dari 212 responden, sebagian besar yaitu sebanyak 72,2% orang tua terlibat dalam proses pendanaan rumah pertama anaknya. Rata-rata besar kontribusi bantuan finansial orang tua sebesar 44,4% dari harga rumah.
The house is one of the primary needs. Buying a home is one of the important decisions in a household because it has a large value and is the biggest value in a family's asset portfolio. But financial limitations become one of the obstacles in a family to buy a house. Therefore the need for financial assistance from parents for the first time buying a home for their children. So this study aims to determine the involvement of parents in the process of funding their first-time home purchase and how much influence the financial assistance of parents to their children in first-time buying a home. The results of this study indicate that parents are involved in first-time home purchases for their children according to their income and the form of assistance provided. From 212 respondents, the majority of which is as much as 72.2% of parents involved in the first-time home funding process for their children. The average contribution of parents' financial assistance was 44.4% of the price of the house.
References
De Nardi, M. (2004). “Wealth Inequality and Intergenerational Links.” Review of Economic Studies, 71(3), 743-768.
Hoyert, D. L. (1991). “Financial and Household Exchanges Between Generations.” Research on Aging, 13(2), 205-225.
Kapoor, J. R., Dlabay, L. R., & Hughes, R. J. (2004). Personal Finance (7th ed.), Mc.GrawHill Book, Co, New York.
Kohli, M., Kunemund, H., Motel, A., & Szydlik, M. (2000). “Families Apart? Intergenerational Transfers in East and West Germany. In Arber, S. & Attias-Donfut, C. (Eds.).” The Myth of Generational Conflict: The Family and State in Ageing Societies, Routledge, New York, 88-99.
Martalena & Malinda, M. (2011). Pengantar Pasar Modal (1st ed.), Andi, Yogyakarta.
McGarry, K. & Schoeni, R. F. (1997). “Transfer Behavior Within the Family: Results From the Asset and Health Dynamics Study.” The Journals of Gerontology Series B, 52B (Special Issue), 82-92.
Nasution, D. (2017). Gaji Cuma Naik Tipis, Generasi Milenial Sulit Beli Rumah. Retrieved from https://www.cnnindonesia.com/ekonomi/20170203081851-92-191002/gaji-cuma-naik-tipis-generasi-milenial-sulit-beli-rumah.
Orzechowski, S. & Sepielli, P. (2003). “Net Worth and Asset Ownership of Households: 1998 and 2000.” Current Population Reports, US Census Bureau, Washington, DC, 70–88.
Roche, M. J. & Duffy, D. (2007). “Getting a Helping Hand: Parental Transfers and First-time Homebuyers.” Economics, Finance and Accounting Department Working Paper Series, National University of Ireland, Maynooth.
Sastra, S. & Marlina, E. (2006). Perencanaan dan Pengembangan Perumahan; Sebuah Konsep, Pedoman, dan Strategi Perencanaan dan Pengembangan Perumahan, Andi, Yogyakarta.
Whelan, S. (2017). The Bank Mum & Dad – Intergenerational Transfers and First-time Homeownership in Australia, University of Sydney, Sydney.
Wuryandani, G., Hermanto, M. J., & Prasetya, R. (2005). Perilaku Pembiayaan dalam Industri Properti, Bank Indonesia.
Zhu, L. (2018). “Intergenerational Housing Asset Transfer and the Reproduction of Housing Inequality in Urban China.” Chinese Journal Sociology, Stanford University, USA.
