Expectations, Efficiency, and Euphoria in the Housing Market
收藏NBER1995-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5179
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资源简介：
This paper studies expectations of capital appreciation in the housing market. We show that expectations impounded in the rent/price ratio at the beginning of the decade successfully predict appreciation rates, but only if we first control for cross-sectional differences in the quality of rental
提供机构：
美国国家经济研究局
创建时间：
1995-07-01
