Where do you think those expectations come from

Reference no: EM131303619

[Related to the Economics in Practice on p. 345] Suppose you are thinking about where to live after you finish your degree. You discover that an apartment building near your new job has identical units-one is for rent and the other for sale as a condominium. Given your salary, both are affordable and you like them. Would you buy or rent? How would you go about deciding? Would your expectations play a role? Be specific. Where do you think those expectations come from? In what ways could expectations change things in the housing market as a whole?

Reference no: EM131303619

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