Content and teaching ideas for Intermediate Microeconomics
Tuesday, February 5, 2008
Housing Markets - Discussion Question
While some homes can be rented, most homes are owner occupied. Why is that? Likewise, most consumer durables (e.g. automobiles, major appliances such as washer and dryer, home theater) are owned not rented. Why is that? And when does it make more sense to have a rental market than and ownership market?