Rent Control in New York
Date Submitted: 12/16/2004 02:31:33
Category: / Business & Economy / Economics
Length: 5 pages (1275 words)
Category: / Business & Economy / Economics
Length: 5 pages (1275 words)
Pithy analysis of rent control. Very insightful discussion of the controversy surrounding rent control. 11. 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 quickly …
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…the local economic situation. On the other hand, in an area that shows some promise, and which could improve with the arrival of more jobs, the place approach may be best suited. In any case, it is impossible to say that one or the other is better in all instances; and it is essential to remember that neither of them can offer a perfect solution to the age-old problem of improving a community's economic health.
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