Question

1. With rising costs of housing in California (and many states), there is a movement to...

1. With rising costs of housing in California (and many states), there is a movement to enact more rent controls, such as with California Proposition 21 that expands rent controls to residential properties. Do you think this is a good idea? Why or why not.

Homework Answers

Answer #1

Answer - yes, I do think that enacting rent control rules such as with California Proposition 21 is a good idea because according to recent United States census data, there is approximately 60 percent of house rental families in California spend more than 30 percent of their income on rent, where the level at which spending on housing hinders the ability to pay for other necessary things. California is one of the most expensive rental housing in the United States. COVID-19 pandemic also responsible for many job loss in the United States due to this many rental families suffing huge financial problems. Hence enacting rent control rules are very important for tenant families.

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
1) How did the subprime market crash affect the normal market for housing 2) Do you...
1) How did the subprime market crash affect the normal market for housing 2) Do you think the subprime loan mortgage program was a good idea and why
Boeing is considering opening a plant in one of two neighboring states, Oregon or California. Let’s...
Boeing is considering opening a plant in one of two neighboring states, Oregon or California. Let’s just say, California has a corporate tax rate of 15%. If operated in this state, the plant is expected to generate $1,200,000 pretax profit. In Oregon state has a corporate tax rate of 5% and operation in Oregon state, the plant is expected to generate $1,085,000 of pretax profit. Which state should Boeing choose based upon tax considerations only? Why do you think the...
Read carefully the attached document and then post your comments bearing in mind the following questions:...
Read carefully the attached document and then post your comments bearing in mind the following questions: 1- What are the pros and cons of rent controls? 2- Why economists disagree on the usefulness of rent control? 3- Do you believe rent control can help the poor? Do rent controls work_ - The Economist explains.pdf If no link is opened containing the answers to be extracted This is the content .. Do rent controls work? Publication info: The Economist (Online) ;...
About 95 percent of the world's population lives outside the United States, but many U.S. companies,...
About 95 percent of the world's population lives outside the United States, but many U.S. companies, especially small businesses, still do not engage in global trade. Why not? Do you think more small businesses will participate in global trade in the future? Why or why not?
1. Many states have mandatory use of masks when outside and when one is not being...
1. Many states have mandatory use of masks when outside and when one is not being able to practice social distancing guidelines yet the federal government just recently got on board with this requirement. In your opinion, why do you think this is the case? 2. Another big argument by critics about special interest groups is that their system can really be effective only for economic reasons. It is also believed that these groups would ignore the interests of the...
1. Do you think the United States is more like Sparta or Athens regarding its foreign...
1. Do you think the United States is more like Sparta or Athens regarding its foreign policy? 2. Explain why you feel this way.
Question 21 (1 point) hen a shortage of housing exists, it can be eliminated by imposing...
Question 21 (1 point) hen a shortage of housing exists, it can be eliminated by imposing rent controls that hold rental rates below the market (equilibrium) levels. Question 21 options: True False Save Question 22 (1 point) If the demand and the supply of a product both decrease, equilibrium price will rise. Question 22 options: True False Save Question 23 (1 point) \ Consumers will buy more "inferior goods" as incomes rise. Question 23 options: True False Save Question 24...
Discussion Questions: 1. If opportunity cost is more intellectually satisfying way of measuring costs of an...
Discussion Questions: 1. If opportunity cost is more intellectually satisfying way of measuring costs of an action than accounting cost, why do businesses use accounting cost? 2. Many people agree that corporations should be socially responsible. However, Milton Friedman denied the social responsibility of corporations by saying that the only corporate responsibility is to make profit. Who is right? Why? 3. President Trump promises to lower business taxes to a level comparable to some of the lowest business taxing states...
1. Due to rising health insurance costs, more people in the United States go without health...
1. Due to rising health insurance costs, more people in the United States go without health insurance. Sample data representative of the United States health insurance coverage for individuals 18 years of age and older are shown here.          Health Insurance       Yes No Age 18 to 34       750 170 35 and over       950 130 What is the population of interest in this study? What is the sample size in this study? c. What is the probability that a randomly selected individual...
ECON 212 Spring 2017 HW 1 (Chapter 1) Case 1: Do changes in housing wealth affect...
ECON 212 Spring 2017 HW 1 (Chapter 1) Case 1: Do changes in housing wealth affect consumption spending ? From 2000 to 2006, housing prices increased sharply in many parts of the United States. The figure on the next page shows the S&P/Case-Shiller index of housing prices, which represents changes in the prices of single-family homes. As measured by this index, housing prices increased nearly 90 percent between the beginning of 2000 and the beginning of 2006. Housing prices then...