Abstract
This paper discusses the economics behind rent control enforcement. It discusses the advantages and disadvantages of rent control and the effect that this has on the rental market. It describes basic supply and demand issues as they relate to rental prices and availability. The paper concludes that exercising rent control policies more often than not results in an actual shortage of housing due to the innate removal of the economic stimulus for private developers to build new rental properties.

From the Paper
"Exercising rent control policies more often than not results in an actual shortage of housing due to the innate removal of the economic stimulus for private developers to build new rental properties. Additionally, rental units not controlled by rental control laws are forced to compensate for the lost revenue of controlled units by having their rent levels unduly increased. Other research indicates that some of the sacred cows of rental control proponents, such as improved integration in the community and elevated living standards for the low-income and the elderly, simply do not occur (Freeman & Braconi). Housing markets, just as any other market, should be left to the forces of the free market itself to find and locate its own equilibrium relative to supply and demand. If the market demands additional housing and the economic profile of the community supports its construction, additional housing will be built. If the economic profile of the community does not support it and there is not a local demand, supply will not increase."

Tags:homeowner, building, apartment, housing

Abstract
The paper explains that issues of rent control and the often toxic debates that surround it have been a social and an economic concern for several decades. Typically, rent control efforts are made at the city or municipality level and are not enacted at the state or federal level. The paper discusses how rent control and the issues related to it are nothing more than a series of laws that are intended to control what city rents average, as well as regulate how much, percentage wise, they can be increased in any given year.

From the Paper
"Traditionally, New York, New Jersey and California are most commonly associated with rent controls because of those states' rapid cost of housing increases that have priced many consumers out of the housing market and forced many individuals to become career renters."

Tags:rent, control, economic

Abstract
This paper discusses the supply and demand simulation for an Economics for Business course. The simulation utilizes the example of the apartment industry in the fictional city of Atlantis. Chiefly, the supply, demand, and equilibrium within the 2 bedroom housing market are examined in relation to the market. The simulation is further complicated by the introduction of a price ceiling to demonstrate how market forces can be artificially manipulated.

From the Paper
"The simulation uses the example of a fictional city, Atlantis, to demonstrate the impact of market forces in the 2 bedroom housing market. In the housing market there are many forces that affect supply and demand; some natural, some artificial. The supply and demand of 2 bedroom units in Atlantis is affected by both natural and artificial forces. The natural forces affecting supply and demand in the simulation were the natural influx of people into the city which, those people needing affordable housing caused a greater demand of 2 bedroom units and a temporary shortage until supply caught up with demand. Another natural force affecting supply and demand is housing preference. In Atlantis the example was given that the local population, regardless of price of 2 bedroom units, began to prefer single-unit, free-standing houses."

Tags:supply, demand, equilibrium

Abstract
The paper provides details of the rent control policy, including when it was enacted, how it works and what it was designed to accomplish. The paper then offers arguments both in its favor and against it and suggests modifications to the policy in order for it to become more effective.

From the Paper
"In order to present the topic to the reader, we will try to define the main terms. In a free market, the demand and the supply tend towards what it is called 'the market equilibrium', that is towards a balance point. Because in some cases this thing does not happen, due to different reasons, the state decides to impose a floor price or a ceiling price, meaning that the state will impose through a law or other regulating act a minimum or maximum price of a good. "Rent control, like all other government-mandated price controls, is a law placing a maximum price, or a 'rent ceiling,' on what landlords may charge tenants." This law has its roots in the years after World War I when "rents were 'controlled' through the efforts of local rent anti-profiteering committees and public pressure" . That is, between 1919 and 1924 some cities and states adopted measures such as "rent and eviction control laws" . The next step was the adoption of modern rent control after the Second World War and "following Richard Nixon's 1971 wage and price controls.""

Tags:free, market, demand, supply, equilibrium, tenants, landlords

Abstract
This paper examines components of restrictive rent control legislation and its economic and social consequences in America. This examination focuses specifically on rent control applications in New York City and the urban cities of Santa Monica and Berkeley, California. Additionally, the paper discusses how government regulations violate two of the eight basic principles of economic thinking. These basic principles are: (1) incentives matter choice is influenced in a predictable way by changes in economic incentives and (2) economic actions often generate secondary effects in addition to their immediate effects.

From the Paper
"Rent control is one of the most controversial social welfare programs in existence. In 1943 and after World War II, the federal government enacted rent controls as a "temporary" attempt to combat housing shortages in intensive populated or urban areas and to protect residents from high housing prices. Opponents argue that rent control result in decreased levels of construction, decreased levels of maintenance on existing properties, and abnormal housing vacancies, and is therefore economically ineffective. Some opponents even feel that rent control causes homelessness. Advocates of rent control and rent stabilization see it as a way to ensure the availability of affordable rental housing for low and middle-income urban dwellers. Rent control advocates contend " there was already a housing shortage and that rent-control laws were enacted to keep landlords from taking advantage of the situation by "gouging" tenants" (Sowell, 1999). Many rent control proponents feel that the abolishment of rent controls would result in increased homelessness. "

Tags:control, rent

Abstract
The paper relates that the dictionary defines rent control as the governmental control and regulation of the amounts charged for rented housing. The paper posits that this definition does not say much. The paper asserts that a financial and investment dictionary would shine some more light on the topic claiming that rental control is the state and local government regulation restricting the amount of rent landlords can charge their tenants.

From the Paper
"Is the question about the utility of rent control, or should it be: who is benefiting from the price control measures? What is rental control? The dictionary defines rent control as the governmental control and regulation of the amounts charged for rented housing. That definition doesn't say much. A financial and investment dictionary would shine some more light on the topic claiming that rental control is the state and local government regulation restricting the amount of rent landlords can charge their tenants. More abstractly, a real estate dictionary would say the rental controls are laws that govern the rate that may be charged for..."

Tags:price control, free market, pro, tenant

Abstract
In this article, the writer notes that the economic quandary of rent control has successfully perpetuated itself in many different American communities for several reasons. The writer discusses that social beliefs and political controls have allowed for renters to retain their protected "right" to cheap rent at the expense of the rights of land owners and others who would hope to prosper from a free competitive housing market in these select cities. In order to understand the effects of such regulations, the writer reviews the complex factors as well as considers the economic and social consequences. The writer concludes that rent control exists as an unfair legal construct that interferes with the fundamental rights of land owners to a fair and equitable return on their investments in order to protect the privilege of cheap rent for certain fortunate tenants.

From the Paper
" The three outlined fallacies make the construct of rent control an obviously unfair and economically illogical attempt a giving one portion of a community's population an economic advantage. The first fallacy present occurs when rent control tenants use the excuse that their city should have rent control, because it is a special circumstance. While they may live in unusual locations with normally high rents, this concept is off base for many reasons. Specifically, this is not true because economics as a science apply themselves fairly universally as a predictive and monitoring force to all free market systems. "

Tags:tenant, housing, landlords, investors

Abstract
The economic quandary of rent control has successfully perpetuated itself in many different American communities for several reasons. Social beliefs and political controls have allowed for renters to retain their protected "right" to cheap rent at the expense of the rights of land owners and others who would hope to prosper from a free competitive housing market in these select cities. This paper details the economic, social, and political elements of rent control in large cities. It outlines both the positive and negative elements involvement, and draws an overall conclusion based on economic policy.

From the Paper
"Opening up premier properties to the market would spark interest and allow property owners to determine supply and demand. Property owners can determine how many properties they would like to rent as well as the amount for which they will rent them. These land owners will most likely choose to rent out as many properties as possible at the highest rate the market will endure. This will allow the above increase in supply that should prevent prices from going too high".

Tags:real, estate, trade, offs, regulations

Abstract
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."

Tags:payments, income, eviction

Abstract
This paper looks at the issue of rent control in cities in America. The writer looks at the benefits of rent control for tenants and cites that many cities do not have rent control and some tenants' and liberal groups believe it should be instituted. The paper then provides the counter argument, from the landlord's point of view.

From the Paper
"Rent control is an idea with great appeal for the beleaguered tenant who feels that rents are too high and that there has been no government effort to correct the problem. Advocates see it as a way of imposing fairness, but in truth it imposes unfairness and disparity between people who have rented for a long time and new renters. It reduces the incentives landlords have to repair their buildings and to make improvements. It takes the profit out of being a landlord, and it effectively eliminates competition in housing in urban regions. In many cases, it has also created a black market in sublets, with those paying little for rent because they have rent-controlled apartments renting them for higher prices to others illegally. An interview with a 50-year old male, referred to as the Landlord, with experience of the rent control situation in santa Monica, illuminates the landlord side of the issue, while it is usually the renter's side that is represented in arguments for rent control."

Tags:landlord, tenant, housing, america, housing