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 ....
Middle of paper
.... actually improves the state of housing.
Overall, they argue that the goals of rent control can be reached if they are
administered in a careful and just way.
The opponents, though, have both theoretical and practical 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, ....
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Word count: 1268
Page count: 5 (approximately 250 words per page)
