What is user costs of owning a house?

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Poterba's (1984) asset market approach to house valuation suggests that the annual user costs of owning have to be very low—on the order of 2.5%-3.3% of house price—to justify prices that are 30-40+ times rents.请各位指点啊。

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关键词：House costs Cost What ning valuation justify market house price