Business

Business, 07.10.2019 18:00, strodersage

Supporters of rent control state that rent control makes it for people to afford housing.
a.) easier
b.) harder

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Business, 01.08.2019 01:30, kaileyy06

What are some of the unintended effects of rent control? correct answer(s) rent-control laws incentivize the development of upscale housing instead of low-income units. rent-controlled units have a high ownership turnover rate. rent control decreases landlords’ profits and subsequently lower their incentive to invest in property upkeep. more low-income residents are able to find more housing in rent-controlled cities in the long term.

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Business, 23.10.2019 18:30, nikki4367

Suppose it is decided that rent control in new york city will be abolished and that market rents will now prevail. assume that all rental units are identical and so are offered at the same rent. to address the plight of residents who may be unable to pay the market rent, an income supplement will be paid to all low income households equal to the difference between the old controlled rent and the new market rent. what effect will the elimination of the rent control have on the quantity and quality of rental housing supplied? (a)-eliminating the rent control will cause both quantity supplied and housing quality to decrease. (b)-eliminating the rent control will cause quantity supplied to decrease but housing quality to improve. (c)-eliminating the rent control will cause quantity supplied to increase but housing quality to decrease. (d)-eliminating the rent control will cause both quantity supplied and housing quality to increase.

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Supporters of rent control state that rent control makes it for people to afford housing.
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