rent control


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rent control,

in economics and law, government regulation of rent to prevent unreasonable or excessive increases. In the United States, the federal government imposed rent control (and other price controls) during World War II, and continued it in several cities after the war because of housing shortages. It was later turned over to the control of individual states and municipalities and has since ended in most locations.
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The Governor's Conditional Veto preserves the new construction exemption from local rent controls on new rental apartment construction.
In 1970, the city of Cambridge imposed far-reaching rent controls on residential properties built prior to 1969, placing strict caps on rent price increases and implementing policies that made it difficult for property owners to remove rent controlled units from the rental stock.
Rent control has been removed in most of Eastern and Central Europe.
Pizzichemi informed the Rent Control Board last week that he needed the rent increase to make the purchase plan work.
In reality, without rent control and stabilization, we all become helpless victims of the landlord.
There are few issues in housing, and public policy in general, that generate more vitriolic debate than rent controls. Because rental housing accounts for more than a third of most tenants' income, rent controls are a very sensitive issue for the renting public.
In the 1970s, it appeared that rent control might be the wave of the future.
Since the early eighties, the nationwide real estate industry beefed up its political arsenal and began using rent control as a symbol of "big government." Unable to roll back rent control at the local level, the industry, led by the National Multi Housing Council, looked to the federal and state governments for help.
Three Massachusetts communities subsequently instituted and maintained rent control under the provisions of the law: Cambridge, Boston and Brookline.
Teachers of undergraduate economics love to use the example of New York City rent control to demonstrate to students the market distortions that result from ceiling price programs.
The program he has benefited from for the past ten years is rent control, and few New Yorkers are demanding an end to the inequity.