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Rent Control: Pros And Cons
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 inflation. While the moral side of rent
control may have some appeal, in the long run the disadvantages far outweigh the
advantages.
Those who argue in favor of rent control say that it is the only way to protect
lower-income tenants from landlords who overprice, and from being forced ....
Word count: 1268 - Page count: 5
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