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Rent Control: Pros And Cons
Beginning 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 stabilized building, the ....
Middle of essay
....enough money to adequately maintain
buildings. This leads to run-down, poor quality housing. In many cases,
landlords lose so much money that they are not able to even pay the debt on the
properties, and they abandon them. Both of these effects have been documented in
New York and elsewhere, and go against the goals of rent control.
Finally, rent control has the bad side effect of turning away new construction.
This is because even if rent controls don't include new constructions, owners
are af.... |
| Number of words: 1268 |
Approximate pages: 5 |
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