RDP 2014-06: Is Housing Overvalued? Equation (1)

C o s t ( i n d o l l a r s ) = P ( r + c + s + d π ) , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4qaiaad+ gacaWGZbGaamiDamaabmaabaGaamyAaiaad6gacaaMc8Uaamizaiaa d+gacaWGSbGaamiBaiaadggacaWGYbaacaGLOaGaayzkaaGaeyypa0 JaamiuamaabmaabaGaamOCaiabgUcaRiaadogacqGHRaWkcaWGZbGa ey4kaSIaamizaiabgkHiTiabec8aWbGaayjkaiaawMcaaiaacYcaaa a@5158@