The Ceteris Paribus Assumption
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In economics, they often use the word "Ceteris paribus" which generally means "all other things being equal." It acts as a shorthand indication of the effect one economic variable has on another, provided all other variables remain the same. Many economists rely on ceteris paribus to describe relative tendencies in markets and to build and test economic models. And we're no different! For our 2024 Property Market Outlook, here's a list of our assumptions that lay the groundwork for our predictio
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