Dynamics of the Long Term Housing Yield: Evidence from Natural Experiments
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Every month, a fraction of UK property leases are extended for another 90 years or more. We build a new dataset of thousands of these natural experiments from 2000 onwards to estimate the expected long term housing yield, y*. Starting from a level of 5.3%, y* starts to fall during the Great
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美国国家经济研究局创建时间：
2023-10-01
