The reduced supply, increased demand here that is. But this can not explain turnover has shrunk dramatically in 2008, why did not increase the rent, can be said that the economic crisis led to no money to rent an apartment you are sleeping Avenue of the fragmentation?
 
3, real estate tax levy is expected, resulting in the transfer cost to the
Owner to tenants.
This is more just do not fly analysis. A New Deal every rumor, it would be adjusted once the landlord rent, but has long been rumors that more and more, but the rental price is generally stable. In addition, the assumption is transferred to the tenants who are really, why some on the up 10, some are up
20 of it? Are property taxes levied on the ratio of different parts? The public are well aware just charge ratio?
 
4, transformation of the old university graduates leading to rent increases rent.
This is more tricky, no evidence around the same time, China’s recent largescale demolition activities overall, and university graduates every year, nor were up 20 every year.
 
 
    The reason