The Arbitrage Condition for Residential Investment Is:
A) $R \cdot \text { down payment } = \text { rent } - \bar { d } P ^ { \text {house } } + \Delta P ^ { \text {house } }$

The arbitrage condition for residential investment is:

A) $R \cdot \text { down payment } = \text { rent } - \bar { d } P ^ { \text {house } } + \Delta P ^ { \text {house } }$
B) $\frac { R } { \text { down payment } } = \frac { \text { rent } } { \bar { d } } \frac { \Delta P ^ { \text {house } } } { p ^ { \text {house } } }$
C) $R = d \frac { \text { rent } + \Delta P ^ { \text {house } } } { \text { user cost } }$
D) $R = \frac { \text { dividend } } { \text { rent } }$
E) $R = M P K \cdot \text { rent }$