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) (2) The condominium prices are determined by the building costs by the construction companies rather than financial condition of buvers.

) (2) The condominium prices are determined by the building costs by the construction companies rather than financial condition of buvers.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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could you answer only b. option ? thanks.

Answer your friend who claims that a) (1) housing boom in Japan is unbelievable due to its declining population (Table 3). b) (2) The condominium prices are determined by the building costs by the construction companies rather than financial condition of buyers. The condominium prices (3) are similar to those in other property types (Table 1) and (4) do not change largely regionally across Japan (Table 2). c) (5) population changes do have similar effects on house prices in large cities and rural areas in Jарan. 2012 2015 2018 | Table 2: Table 1: Jарan: Residential 2012 2016 Table 3: Changes in of 1997 2005 2013 Condo. Prices Rate Property Price (2010=100) Net Index Migration (2010=100) Residential 100 100 101 Osaka 130 174 Fukuoka 0.6 0.3 Land with suburbs Residential Property 100 104 110 Hokkaido 115 154 Tokyo Area 0.8 0.7 0.6 Condominiums 104 120 140 Osaka Jарan Average 100 124 0.6 0.2 -0.2 Area Nagoya 0.5 0.4 Area Rest of -0.3 -0.5 Japan
Transcribed Image Text:Answer your friend who claims that a) (1) housing boom in Japan is unbelievable due to its declining population (Table 3). b) (2) The condominium prices are determined by the building costs by the construction companies rather than financial condition of buyers. The condominium prices (3) are similar to those in other property types (Table 1) and (4) do not change largely regionally across Japan (Table 2). c) (5) population changes do have similar effects on house prices in large cities and rural areas in Jарan. 2012 2015 2018 | Table 2: Table 1: Jарan: Residential 2012 2016 Table 3: Changes in of 1997 2005 2013 Condo. Prices Rate Property Price (2010=100) Net Index Migration (2010=100) Residential 100 100 101 Osaka 130 174 Fukuoka 0.6 0.3 Land with suburbs Residential Property 100 104 110 Hokkaido 115 154 Tokyo Area 0.8 0.7 0.6 Condominiums 104 120 140 Osaka Jарan Average 100 124 0.6 0.2 -0.2 Area Nagoya 0.5 0.4 Area Rest of -0.3 -0.5 Japan
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