Rent Control

Paper Summary:

This paper argues that, while on the surface, rent control appears to protect the tenants from unreasonable rental charges by their landlords, when one peels away the top layer and examines the underpinnings of the concept, one discovers that rent control laws actually have a negative impact on those they are designed to help. The paper presents a detailed examination of rent control and the issues that it presents. The author explores several cities and the impact that rent control has had on both landlords and tenants in those areas.

From the Paper:

"Recent changes in the law in Santa Monica were supposed to protect landlords by allowing them to charge market rent once a rent controlled tenant moved out. What it did instead is set the stage for slumlord mentality as many landlords stopped making needed repair in the hope that the tenant would get fed up and move out and the landlord could then rent the unit for market rent price."

More papers on Rent Control:

• Research Paper # 91123 : "Rent Control "
• Term Paper # 955 : "Rent Control Violates Basic Principles of Economic Theory"
• Analytical Essay # 141177 : "Who Benefits From Rent Control?"

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