Rent control Free Essay, Term Paper and Book Report
Rivera 1
Rent Control has been in effect for a number of years and has created a few problems in the states that enforce the law. States like New York and California have higher rates for lower quality housing than those rental units that arent government regulated. But first the one would need to look at the origin of Rent Control. Rent Control in North America first began during the time of WWII. The year was 1947 and many of the regulations placed were abolished except the regulations on real estate. The need for rent control soon died down after many states retracted any controls on housing units. But when Nixon came into office, rent control was resurrected again.
Rent control refers to laws or ordinances that set price controls on residential housing. It functions as a price ceiling. In the United States, rent controls were first adopted in response to WWII-era shortages, or following Richard Nixon's 1971 wage and price controls. They remain in effect in some cities with large tenant populations, such as New York, San Francisco, and Washington, DC. Smaller comm......
Word Count: 1075
Page Count: 4.3 (250 words a page / double spaced)
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