求翻译：租售比为。只有当，消费者才会认为购房与租房的机会成本是相等的，市场中不再有套利机会，此时。但是，随着时间的推移，消费者会发现房价并没有以莓川的速度增长，而是以较低的增长率增长，在这种情况下，消费者会根据以往的经验不断地对其预期进行调整，租售比的变动路径会由图4中曲线(2)向曲线(1)移动，直至达到理性的是什么意思？

Rental ratio. Only when consumers will think the opportunity cost of home buyers and renters are equal, no arbitrage opportunities in the market at this time. However, over time, consumers will find that the prices have not berry Sichuan speed growth, but at a lower growth rate growth, in this case,

For rental and sales. It is only when you, the consumer should be considered with the purchase of a building housing the opportunity cost is the same in the market, there is no longer a arbitrage opportunities, at this point. However, with the passage of time, the consumer will be found and there is

The sale and rental ratio is.Only then works as, the consumer only then can think the buying homes with the opportunity cost which rents a room is equal, in the market no longer has the arbitrage opportunity, this time.But, along with the time passage, the consumer can discover the house price not b

Rental and sales. Only when the consumer only purchases and the opportunity cost of rental is considered equal, there are no arbitrage opportunities in the market at this time. However, with the passage of time, consumers will find house prices are no Berry growing, but at a lower rate of growth, in