) are polynomials while in the lag operator. We is likely to make 5 modifications to Equation (five) to capture the potential of deviations from the simple user cost product and to incorporate the effects of regulation and financial construction. First, in concept, shifts in the demand from customers for housing solutions must be reflected in lease: a constructive change in demand from customers, such as, would raise rents, and via the consumer Price tag romantic relationship, housing rates ought to appreciate.
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