turn affect rent. By extending the theory of investment under uncertainty, we model the renter's decision to buy a house … dividends on stocks, rent is not discretionary. Housing price uncertainty can affect household property investments, which in … and the landlord's decision to sell as the exercising of real options of waiting and examine real options effects on rent …

rent. By extending the theory of investment under uncertainty, we model the renter's decision to buy a house and the … landlord's decision to sell as real options of waiting and examine real options effects on rent. Using data from Hong Kong and …