Business, 23.10.2019 19:00, LoveSchool5617

New york city, which has had a rent ceiling law for more than sixty years, has many abandoned apartment buildings throughout the city. which of the following explains this? rent ceilings make the construction of new buildings so profitable that old buildings are simply abandoned. few workers with jobs in the city want to live in there because of pollution. once any building gets so old, it is abandoned. no building permits for new apartment buildings have been issued for over fifty years. landlords have no incentive to finance maintenance and remodeling of apartment buildings.

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New york city, which has had a rent ceiling law for more than sixty years, has many abandoned apartm...