Young single adults as an emerging housing precariat in Korea

박미선

doi:10.19097/kaser.2017.27.4.110

Space and Environment

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E-ISSN2733-4295
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Vol.27 No.4

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Young single adults as an emerging housing precariat in Korea

Space and Environment / Space and Environment, (P)1225-6706; (E)2733-4295

2017, v.27 no.4, pp.110-140

https://doi.org/10.19097/kaser.2017.27.4.110

(2017). Young single adults as an emerging housing precariat in Korea. Space and Environment, 27(4), 110-140, https://doi.org/10.19097/kaser.2017.27.4.110

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Abstract

Young single adults in Korea recently have faced extended transitional period due to longer education, higher housing price, and gloomy outlook of job market situation. During last three decades, one-person households have increased from less than 10% of share to the most prevalent group, which leads to huge impact on housing demand and policy. However, due to the fact that housing policy in Korea has been focused on the massive production of new apartment, households with dependents, and owner-occupation, single person household and young people have hardly regarded as the priority target group to be considered but rather excluded from the policy consideration, even though it is not intended to. Moreover, housing price is not affordable for young single adults and private rental market requires heavy deposit and monthly rent for young generation including college students, newly graduate, or newly-weds. Considering low level of stable job opportunity, high housing cost, unstable tenure, and housing illiteracy, the author asserts young single adults should be regarded as one of the precarious groups in housing policy area. This study defines young single adults in Korea as a new emerging housing precariat, explores their characteristics, and depicts precarious housing situation in the process of searching, contracting, residing and moving forward. Results unfold that young single adults, in particular living in Seoul, face housing hardship in entering housing market to mobilize both heavy deposit and monthly rent due to their weak financial ability and instable job conditions. Lack of education and awareness of rental contract practice put them in dangerous and precarious situation when they search dwelling units and make lease contract. Young people also experience unfair treatment from the property owners and real estate agents due to their age and lack of knowledge. High cost of living in private rental markets and unaffordable housing price drive young people in disappointment, resulting in serious negative impact on future life decision. Finally, inclusive policy should be put in place for young single to provide more affordable housing, improve housing conditions, enhance residential stability, and provide soft services and education.

keywords: 불안계급, 주거불안계급, 주거부담, 주거문맹, 1인 청년가구, Precariat, Housing Precariat, Affordability, Housing Illiteracy, Young single adults

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Article Contents

Vol.27 No.4

Young single adults as an emerging housing precariat in Korea

Abstract

Reference

Space and Environment