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Tu, Q. (author), de Haan, J. (author), Boelhouwer, P.J. (author)This paper establishes a simple affordability model that implicitly incorporates the major Dutch market features to elucidate long-run house prices under a regulatory environment. The results reveal a long-run relationship for house prices under strict regulations. The association among house prices, income, interest rates, and inflation is...journal article 2017