Question

Effect of rent control

Effect of rent control
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Rent control is also one of the regulating laws where it will place a law on rent ceiling on what prices that the land lord should levy rents.

The main effects of rent control are

1) Reduction in supply of housing units as due to this rent control people are not intrested in giving houses for rents as they are making very less amounts due to this Rent control law.

2) Reduction in the maintainence of house due to this law people are not maintaining their houses at poor quality.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Why does the government impose the rent control? What is its effect? Illustrate and discuss.
Why does the government impose the rent control? What is its effect? Illustrate and discuss.
3. Effects of rent control Rent controls force landlords to price apartments below the equilibrium price...
3. Effects of rent control Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated price. When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that apply. Nonprice methods of rationing emerge. The future supply of rental housing units increases. The quantity of available...
rough draft research paper: rent control
rough draft research paper: rent control
What its the problem with paternalistic polices surrounding rent control?
What its the problem with paternalistic polices surrounding rent control?
One economist remarked in his article on rent controls, “Rent control apprears to be the most...
One economist remarked in his article on rent controls, “Rent control apprears to be the most efficient technique presently known to destroy a city – except bombing.” Rent controls place price ceilings on rents at levels below equilibrium rental rates for the stated purpose of making housing more affordable for low-ncome families. Using demand and supply analysis, answer the following questions: Who gains from rent controls? Who loses?                                                                                                                                        Why would the economist think rent controls are destructive?                                                                                                                                    ...
True or False? Matching can be a strategy to control confounding effect in case-control studies.
True or False? Matching can be a strategy to control confounding effect in case-control studies.
_______ One of the difficulties with rent control is that: a) Politicians do not consider the...
_______ One of the difficulties with rent control is that: a) Politicians do not consider the adverse effects in the marketplace. b) Economists disagree about its results c) It is never enforced. d) It does not lower rents. e) Pressure from landlords resulted in its appeal in many cities.
The enactment of rent control will likely lead to all but which of the following? disequilibrium...
The enactment of rent control will likely lead to all but which of the following? disequilibrium in the marketplace shortage inefficient allocation of resource black markets an increase in total economic surplus
New housing takes some time to build, so rent control creates larger shortages in the:
New housing takes some time to build, so rent control creates larger shortages in the:
Properties in the city of Mumbai (formerly Bombay) in India are still subject to rent–control regulations...
Properties in the city of Mumbai (formerly Bombay) in India are still subject to rent–control regulations that were imposed in 1947. At that time, thousands of people migrated into Mumbai as a result of the partition of the country into India and Pakistan. Rents were frozen at levels that prevailed in 1940, in order to prevent spikes in rental rates that might have resulted from this rapid increase in demand for housing. The questions below ask you to analyze the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT