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Rent Control: Pros And Cons
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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 as in ....
Middle of paper
....nts are created: those that are
unfairly cheap, and those that are unfairly expensive.
Another problem that is created is that landlords who own rent controlled
apartments are often not able to earn enough money to adequately maintain
buildings. This leads to run-down, poor quality housing. In many cases,
landlords lose so much money that they are.... |
| Word count: 1268 |
Page count: 5 |
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