| dc.description.abstract | With long-term underdeveloped of rental housing market, and under the influence of general concept, real estate is the symbol of wealth in that people are pursuing to be homeowners even house prices are high. As the cost and expense of owning houses is rising, the goal of this study focus on discovering, in addition to house purchase, the long-term effects of house renting and rent-then-own on quality of life and wealth accumulation for a family. Since macro environment is affected by multiple variables and we are unable to cover them all for analysis, scenario analysis and simulation models with random variables of income, house prices, interest rate and commodity price are used to explore the long-term consequence in decision-making of house renting or buying under environment uncertainty of changes. The results show that house renting brings the biggest benefits, compared with house purchase and rent-then-own, after we account for numerous factors including fluctuations, the M-Form Society, earnings changes, and the expectation of good quality of life. However, the difference between the influence of home buying and rent-then-own on retirement wealth is small. Therefore, it is essential and urgent to develop a well rental housing market in the metropolitan area of Taipei. The promulgation of the Leasing Act is expected to not only fulfill residential needs and quality, but also to offer people with the best choice of house renting or buying, and then to contribute to the efficiency of rental housing market. | en_US |