Rent control applies to about two-thirds of the private rental housing in New York City. Economic theory suggests that a below-equilibrium price established by rent control: creates a surplus of rental housing. O promotes a rapid increase in the future supply of housing. O results in poor service and quality deterioration of many rental units. O leads to a reduction in housing discrimination against minorities.
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Rent control applies to about two-thirds of the private rental housing in New York City. Economic th...
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