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Rent Control: Pros And Cons
Beginning of paper
Evaluate the pros and cons of rent control and rent stabilization in NYC.
Rent control is the government imposition of price ceilings on rent for
apartments in certain areas of a city. The goal is usually to protect the rights
of the poor. Thus, in a rent controlled or rent stabilized building, the amount
of rent will not increase as qui .... Middle of paper
.... experience on their
side. First, rent control creates a market that is unfair for everyone. Since
the rent is set at a lower than normal level, an unsatisfied demand is created.
This increase in demand leads to an increase in the cost of rents in the
uncontrolled sector. Thus, two types of rents are created: those that are
unfairly cheap, and those that are unfairly expensive.
Another problem that is created is that landlords who own rent ....
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Number of words: 1268
Number of pages: 5 (approx. 250 words per double-spaced page)
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