Lecture
This lecture explores the user's perspective in real estate economics, focusing on the decision-making process between buying and renting property. Topics include comparing the costs of purchasing and leasing, analyzing the financial implications, and understanding the opportunity cost of investing in real estate. The instructor discusses the economic consequences of acquiring property and the advantages of renting when the user lacks sufficient funds for buying. Additionally, the lecture delves into the competition between users and investors in the real estate market, highlighting the dual role of users as both consumers and potential investors. The session concludes with a summary of key concepts and hints at further discussions on real estate economics.