Hu, Jiayin; Li, Shangchen; Zhang, Yingguang (Conson); … - 2022
Housing decisions depend critically on the supply of long-term rental housing, yet surprisingly few studies examine the … determinants of this supply. Based on term structure theories of asset prices and extrapolative beliefs, we hypothesize that … housing market conditions shape the term structure of rental supply. Using unique contract-level data between landlords …