real-estate q

1. Name two of the main drivers for rent. Choose the most applicable answer.
   1. Supply and views
   2. Views and demand
   3. Local zoning policy and demand
   4. Supply and demand
2. What is a static economy? In a few sentences, describe in your own words. ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
3. In your own words, please explain what the book is trying to say in the following statement: “Simply put, if rent is the price for productive space, then demand for productive space is a derivative of the productive capacity of an economy”. ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
4. In your own words, explain the problem, and lack of market efficiency in rental income results due to the relationship between rental value and rental income, as outlined in chapter 3. ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
5. Can you explain one fundamental issue with attempting to forecast rents on a national level? ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

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