So, house price, Z = [Re] + [Im]
Where Real part is down payment and Imaginary part is land price?
Seriously though, this has been the situation in the UK for a long time. Today the down payment is equivalent to price of the house in the 1970's.
Where Real part is down payment and Imaginary part is land price?
Seriously though, this has been the situation in the UK for a long time. Today the down payment is equivalent to price of the house in the 1970's.
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