Relationship Between Rent and the Overall Economy in 21st Century California

Haozhe Wan
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Abstract

The primary purpose of this study is to probe the relationship between rent and economy and of the 21st-century California. The findings show a significant relationship between GDP and rent prices, underscoring the importance of economic prosperity in shaping the housing market. However, there were no statistically significant correlations between rent prices and the inflation rate (IR), vacancy rate (VR), or population growth (P). These findings emphasize the particular features of California's housing market, highlighting the need for specific policy interventions. This study adds to our understanding of the complex interplay between economic conditions and housing affordability, providing insights for policymakers and future localized investigations.
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21 世纪加利福尼亚租金与整体经济的关系
本研究的主要目的是探讨房租与经济和 21 世纪加利福尼亚州的关系。研究结果表明,国内生产总值与房租价格之间存在明显的关系,这凸显了经济繁荣对住房市场影响的重要性。然而,房租价格与通货膨胀率(IR)、空置率(VR)或人口增长率(P)之间并没有统计学意义上的显著相关性。这些发现强调了加利福尼亚州住房市场的特殊性,突出了具体政策干预的必要性。这项研究加深了我们对经济条件与住房可负担性之间复杂相互作用的理解,为政策制定者和未来的本地化调查提供了启示。
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