베이비붐세대 소유 부동산의 강제매각 결정요인 분석

Analysis on Involuntary Disposal of Real Estate Owned by Baby Boomers through Court's Auction

This study aims to analyze the characteristics of real estate owned by Korean baby boomers and the status of their involuntary disposal through court's auction. The cases of auctions, which are scheduled to recover the bank's foreclosure and debt payment thereof, are selected from files of 5 courts which have jurisdiction over Seoul Metropolitan City. The cases are 464, among which 190 are owned by baby boomers and 274, by other households. The study examines the differences of debtor characteristics, auction characteristics, and real estate characteristics between both groups, i.e., baby boomers and other households. It also examines the characteristics of the baby boomers who bought the real estate auctioned at the court. The findings are summarized as follows; First, the competition rate of the auctioned real estate owned by baby boomers was higher than those owned by other generations. Second, the duration of successful bid of baby boomers' real estate was shorter. Third, the bid price rate (the ratio of successful price tendered to estimated value) of baby boomers' real estate was higher, and thus the reimbursed or receivable rate for baby boomers' debt was higher. These results imply that the relationship of rights and duties of baby boomers' real estate was relatively uncomplicated comparing with that of other generations' real estate.