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Suppose an Apartment Complex Converts to a Condominium,so That the Former

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Suppose an apartment complex converts to a condominium,so that the former renters are now owners of their housing units.Suppose further that a current estimate of the value of the condominium owners' housing services is the same as the rent they previously paid.What happens to GDP as a result of this conversion?

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Definitions:

Self-Presentation

The process by which individuals attempt to control the impressions others form of them, often by manipulating their own social appearances or behaviors.

Authentic Identity

A true and accurate representation of oneself, reflecting genuine thoughts, feelings, and behaviors in accordance with one's own values and beliefs.

Frames of Interaction

Conceptual structures that shape how individuals understand and engage in social interactions, helping to organize experiences and guide behavior.

Private Text Messages

Personal or confidential messages sent between individuals or within groups via electronic messaging platforms, typically seen only by the intended recipients.

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