Rent Control: Pros And Cons

Part I of Essay
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 ....

Part II of Essay
.... rent control can be reached if they are administered in a careful and just way. The opponents, though, have both theoretical and practical experience on their side. First, rent control creates a market that is unfair for everyone. Since the rent is set at a lower than normal level, an unsatisfied demand is created. This increase in demand leads to an increase in the cost of rents in the uncontrolled sector. Thus, two types of rents are created: those that are unfairly cheap, and those that are unfairly expensive. Another problem that is cre ....