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Apr 20, 2020 at 21:52 comment added user1605665 How does a longer period change demand? Are you saying the pooulation will grow, the rental properties will dissappear? Time alone doesnt change demand something must happen over that time to change demand.
Apr 20, 2020 at 13:31 comment added themanwhosoldtheworld the above answer mentions that a longer time period will affect demand.
Apr 19, 2020 at 12:32 comment added user1605665 Can you explain what what factors would change demand over time? If the number of rental decreases because the property now becomes owner occupied then the demand has decreased by a corresponding amount, hence the demand / supply curve should not change. The explanation must have some other assumption that has not been called out.
Apr 17, 2020 at 13:40 history answered themanwhosoldtheworld CC BY-SA 4.0