Author :
Abstract
The decision to buy a house is generally difficult because of the high perceived risks and the significant share of price in budget and income. In times of high price increases, buying a house becomes even more difficult, the purchasing power of savings and incomes declines. Moreover, when there is a prolonged period of high price increases, not owning a house can have a psychologically negative impacts on people. This study examines the relationship between home ownership, meritocracy myth stress and subjective age in a high inflation environment. To this end, primary data were collected in Kırıkkale province of Türkiye through an online survey with convenience sampling. Explanatory factor, normal distribution, regression and difference analyses were performed on the data obtained. Accordingly, it is found that home ownership in a high inflation environment affects subjective age. Moreover, it is seen that it does not affect meritocracy myth stress and meritocracy myth stress does not affect subjective age. Therefore, it is understood that people who do not or cannot buy a house in the face of high price increases tend to evaluate themselves as older. It is hoped that the findings will be useful for research on individual happiness or well-being, as well as for public institutions and housing marketers.
Keywords
Abstract
The decision to buy a house is generally difficult because of the high perceived risks and the significant share of price in budget and income. In times of high price increases, buying a house becomes even more difficult, the purchasing power of savings and incomes declines. Moreover, when there is a prolonged period of high price increases, not owning a house can have a psychologically negative impacts on people. This study examines the relationship between home ownership, meritocracy myth stress and subjective age in a high inflation environment. To this end, primary data were collected in Kırıkkale province of Türkiye through an online survey with convenience sampling. Explanatory factor, normal distribution, regression and difference analyses were performed on the data obtained. Accordingly, it is found that home ownership in a high inflation environment affects subjective age. Moreover, it is seen that it does not affect meritocracy myth stress and meritocracy myth stress does not affect subjective age. Therefore, it is understood that people who do not or cannot buy a house in the face of high price increases tend to evaluate themselves as older. It is hoped that the findings will be useful for research on individual happiness or well-being, as well as for public institutions and housing marketers.
