Figure A-1

MARKET VERSUS STABILIZED APARTMENTS

PROBIT//Dependent Variable is MARKET

Variable Coefficient Std. Error t-Statistic Prob.
BDSTRUCT (0.1198) 0.0574 (2.0878) 0.0369`
GDCONDX 0.1885 0.1242 1.5174 0.1292
BLD60OVR 0.5206 0.0583 8.9345 0.0000
DEFICYHI (0.6355) 0.0574 (11.0636) 0.0000
LENGTH (0.0299) 0.0029 (10.4102) 0.0000
NEIGHEXC 0.2780 0.0619 4.4908 0.0000
NUMPER 0.0826 0.0146 5.6444 0.0000
STOR10 (1.2402) 0.0531 (23.3559) 0.0000
UNITS299 (1.1039) 0.0972 (11.3522) 0.0000
C (0.1631) 0.1308 (1.2471) 0.2124

Log Likelihood
Significant (2,426.6)

Obs with Dep=1 (Market)

Obs with Dep=0 (Stabilized)

Total included observations

1,611

3,093

4,704