Age of rental housing units and vacancy characteristics A filtering explanation |
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| Authors: | JLuis Guasch Robert C Marshall |
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| Institution: | University of California, San Diego, La Jolla, CA 92093, USA;Duke University, Durham, NC 27706, USA |
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| Abstract: | Aggregate data on rental units indicate that older units have lower vacancy frequencies and higher vacancy durations than newer units. A formulation consistent with the filtering hypothesis of the housing literature is presented that explains the above empirical regularity. |
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