Question

If you were the government, why would you not want to legislate “rent controls” for more...

If you were the government, why would you not want to legislate “rent controls” for more than a few months (as some places have done during COVID-19? How does this differ from long-term “rent-contros” legislated in the UK and Ontario (1870’s)?

Homework Answers

Answer #1

Rent control are essential and have positive impact in short run when economies are facing some sort of crisis. In the midst of Covid-19 pandemic, several countries adopted short term rent control mechanism. Economists are of the view the long term rent control decrease affordability and creates some sort negetive spilovers on surroundings.

The long term rent control adopted by Ontario and U.K implies the intervention of government in the private relationship between tenants and landlords. The main rationale behind the rent control was cost of renting has been steadily increasing , but the inability of wage to keep up. The wide gap between rental cost and wages demanded the introduction of rent control. But sometimes the strict laws regarding the tent control affects the housing market and which in turn affects the construction and other related industries in the country.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Does it seem to you that people tend to be absent more on some days of...
Does it seem to you that people tend to be absent more on some days of the week than on others? Recently, a major biotechnology firm collected data with the hope of determining whether or not its employees were more likely to be absent (due to personal reasons or illness) on some weekdays than on others. The firm examined a random sample of 100 employee absences. The distribution of these 100 absences is shown in Table 1 below. The observed...
Please don't copy and paste from other website. Outline the key fiscal and monetary policy actions,...
Please don't copy and paste from other website. Outline the key fiscal and monetary policy actions, respectively, of New Zealand against the COVID-19 shocks(already outlined below) use appropriate macroeconomic models and theories covered in this course to explain their expected impacts. Discuss any limitations of these policy actions. (~600 words) TIPS: ⮚ If there are many policy actions, you could list all of them but focus on the key ones for discussion. ⮚ The government may take multiple actions (e.g....
Section C – Mutation of SARS-CoV-2 Over Time All viruses accumulate mutations over time, and different...
Section C – Mutation of SARS-CoV-2 Over Time All viruses accumulate mutations over time, and different classes of viruses have different mutation rates based on the fidelity with which their genomes are replicated. Viral mutations can affect the accuracy of tests, the efficacy of vac- cines, and virulence (the ability to spread, the seriousness of illness, etc.). In this section you will compare a number of sequenced genomes from clinical samples during the first several months of the COVID-19 outbreak...
How do you relate the most to this story and why? In two strong paragraphs, explain...
How do you relate the most to this story and why? In two strong paragraphs, explain what it is about the tone and/or imagery of the story that speaks to you and why. Use some text examples to support your response Hills Like White Elephants (1927) The hills across the valley of the Ebro1 were long and white. On this side there was no shade and no trees and the station was between two lines of rails in the sun....
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any...
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any Web browser to search for the words “European unemployment.” Just by scanning the headlines, see how many possible explanations you can list. Why Is Unemployment So High in Europe? Between World War II and the mid-1970s, unemployment in Western Europe was low. From 1960 to 1974, for example, the unemployment rate in France never got as high as 4 percent. The worldwide recession of...
Please answer these question ASAP and please, please, please answer them ONLY if you are an...
Please answer these question ASAP and please, please, please answer them ONLY if you are an expert in them, and have had a good experience in them. Please, Please, PLease do not guess and answer base on your own guessing because I have done that already. if you not sure about just one of them please leave them to some know them completely. I apologies but this exteremely important to me. Q1) What are the characteristics of cultures that practice...
Subject: Human Resource Management Main question: Which benefit plans would you choose, and which wouldn't you...
Subject: Human Resource Management Main question: Which benefit plans would you choose, and which wouldn't you choose and give reasons why you would or would not want a benefit that were used in making the benefit selections (specially at at entry level making $30000). PROCEDURES: Assume that you recently graduated from college and are just starting a new job at a large firm. You will be receiving a starting net pay (net of all taxes and mandatory deductions) of $30,000....
Discussion Question: What would you do case? (CH10) DUE 5/6 The words “Cessna Skyhawk” have special...
Discussion Question: What would you do case? (CH10) DUE 5/6 The words “Cessna Skyhawk” have special meaning for anyone who has ever wanted to learn to fly. At 27 feet long and 8 feet tall, with a 36-foot wingspan, a 140 mph cruising speed, and room for two adults and their luggage, more people have learned to fly with a Cessna Skyhawk than with any other plane in aviation history. In fact, the Cessna Skyhawk is the best-selling plane of...
Write a Python 3 program called “parse.py” using the template for a Python program that we...
Write a Python 3 program called “parse.py” using the template for a Python program that we covered in this module. Note: Use this mod7.txt input file. Name your output file “output.txt”. Build your program using a main function and at least one other function. Give your input and output file names as command line arguments. Your program will read the input file, and will output the following information to the output file as well as printing it to the screen:...
Summary: A few years ago Mark and Phil thought it would be fun to work together...
Summary: A few years ago Mark and Phil thought it would be fun to work together on a piece of research. They also hoped it would benefit their continuing development as researchers. Mark’s research background (strength) has its origins in the recruitment and subsequent mobility of labor. His research methods skills emphasize the quantitative approach, although he had undertaken a variety of qualitative research projects. Phil’s strength is as a mainstream HRM academic with an bias towards understanding the processes...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT