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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"Studies have shown that rent control policies will reduce the quantity and quality of housing available," Representative Jack Zika (R) said in a tweet.
"Furthermore, there is a significant body of evidence from other markets where stringent rent controls have been imposed which seek to limit rent levels to below that set by the market indicating that this leads to a reduction in the supply of rental properties," the firm added.
(New York City's rent regulations are now a legal morass of what landlords can't do.) Rent controls can push many landlords into progressively withdrawing maintenance as the market rent gradually moves up and the controlled rent remains fixed (or "stabilized" with increases in the controlled rent lower than increases in the market rent).
Edinburgh and Glasgow are considering rent controls since the Scottish Parliament passed the Private Housing (Tenancies) Scotland Act 2016, which allowed councils to apply to put a cap on rent increases.
Though rent control might seem like a new issue, it has been around for decades.
MAYBE Audrey Lafferty director of property management, Grant Property The devil will definitely be in the detail when it comes to determining what constitutes a rent control area and the extent of measures put in place.
The NJAA, which submitted an veto request on June 28, said it is confident that the Governor's conditioonal veto deletes what it considers "the most dangerous sections of the bill" and proposes that the Department of Community Affairs conduct a study of rent control and its effects on seniors.
Because the density of rent-control units varied from neighborhood to neighborhood, the authors are able to track inter-neighborhood and cross-neighborhood changes in housing prices, both within Cambridge and in nearby cities and towns that never had rent controls.
"Except for bombing," asserted the socialist economist Assar Linbeck, "rent control appears to be the most efficient technique presently known to destroy a city." Indeed, experts across the political spectrum are virtually unanimous that rent control reduces the quantity and quality of housing available, hurting the tenants it is intended to help.
Rent controls have been hotly debated for more than fifty years.
But although Rand was incorrect in saying Friedman and Stigler advocated nationalizing homes, she had a point: Friedman and Stigler never mentioned that rent controls violate landlords' property rights.