4 edition of Costs and benefits of rent control found in the catalog.
Includes bibliographical references (p. -139).
|Statement||Stephen Malpezzi, A. Graham Tipple, Kenneth G. Willis.|
|Series||World Bank discussion papers ;, 74|
|Contributions||Tipple, A. Graham., Willis, K. G.|
|LC Classifications||HD7288.82 .M35 1990|
|The Physical Object|
|Pagination||xi, 139 p. :|
|Number of Pages||139|
|LC Control Number||90012073|
Rent Control Defined. A landlord of a rent controlled apartment is prohibited from raising rent beyond a prescribed amount, meaning that there is a price ceiling for rent on that specific unit. Typically, only residential properties are subject to the laws, and in all circumstances the apartment must have been built prior to February Rent Control: A price control that limits the amount a property owner can charge for renting out a home, apartment or other real estate. Rent control acts as a Author: Will Kenton.
The benefits of rent control “Rent control’s absurdity,” George F. Will depicted property owners as the victims of government regulations that, in his words, “advance no legitimate. “Despite nearly half a century of rent control, the District now has less than half as many low-cost apartments as there were 15 years ago,” a spokesperson for Bond said.
The U.S. rental housing market has come under increasing strain recently. As homeowners with unsustainable mortgages have to leave their homes and fewer homebuyers are able to qualify for new mortgages, more people are looking for places to rent. As a result, rental vacancy rates have fallen from percent in the third quarter of to Start studying Econ Unit 3 The Role of the Government & Costs and Benefits of the Government. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
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Costs and Benefits of Rent Control: A Case Study in Kumasi Ghana (World Bank Discussion Paper) Find all the books, read about the author, and by: Costs and Benefits of Rent Control: A Case Study in Kumasi, Ghana, Parts Costs and Benefits Costs and benefits of rent control book Rent Control: A Case Study in Kumasi, Ghana Issue 64 of Discussion Paper Series.
Costs and Benefits of Rent Control: a Case Study in Kumasi Ghana by Stephen Malpezzi,available at Book Depository with free delivery worldwide.
The authors examine the characteristics of rent control in force there, and assess the costs and benefits of rent control, on landlords and tenants alike. These controls have been successful in ensuring that housing is very inexpensive for most households, in both absolute terms and in proportion of income devoted to by: Cost and benefits of rent control in Kumasi, Ghana.
The authors examine the characteristics of the rent control regime in force there, and assess the costs and benefits of rent control, on landlords and on tenants, and its effect on the housing stock. The high cost of living in New York City is frequently cited as proof enough that rent control doesn’t work.
The median price for a one-bedroom in New York was $3, in Rent control advocates such as the Urban Institute argue that price controls can. A study of rent control in New York City calculated the loss in taxable assessed property values attributable to rent control at approximately $4 billion in the late s.
(7) These distorted assessments cost the city an estimated $ million annually in property tax revenues. As ofthe average price for a two-bedroom unit in the city is $1, compared to the statewide average of $1, according to the National Low Income Housing Coalition.
While rent control presents a good deal for some, there are associated costs. Unsurprisingly, the beneficiaries of rent control, tenants already in those affected units, were between 10 to 20 percent more likely to remain in their address relative to the control group. The economic benefit to people living in these rent-controlled apartments averaged between $2, and $6, per person per year.
“This is a very important book, essential reading for social scientists, elected officials, community activists, and the real estate industry. Rent Control will spark a much needed debate on opportunity and equity in housing policy This book is a fresh, provocative, and bold accounts of the impacts of rent control in the United States and by: The economic magnitude of the effect of rent control removal on the value of Cambridge’s housing stock is large, boosting property values by $ billion between and Cost and benefits of rent control in Kumasi, Ghana (English) Abstract.
Over the past forty years, rent control has been a feature of housing in Ghana. This study focusses on the housing market in Kumasi, the second largest city in Ghana. The authors examine the characteristics of the rent control Cited by: 5.
Rent control holds one key benefit for landlords. As a rent-controlled apartment becomes a better and better deal for your tenants, they will become increasingly motivated to hold on to them.
This can create a building full of tenants that don't cause trouble and always pay their rent. A REVIEW OF EMPIRICAL EVIDENCE ON THE COSTS AND BENEFITS OF RENT CONTROL, Bengt Turner and Stephen Malpezzi 17 The regulation of rent increases Another approach to rent control is to explicitly contemplate future increases in the legislation but to put limits on the extent to which rents.
A Final Thought on These Rent Control Pros and Cons Rent control is a theory which works well at times when the cost of living in an urban environment exceed what the local wages are. This legislation gives families an opportunity to find a place to live that is close to their employment without requiring a significant portion of their income.
Evidence on the Costs and Benefits of Rent Control. some low-income families do benefit from rent control, so, too, do higher-income house-holds. There are more efficient and effective ways to provide assistance to lower-income NMHC Research Foundation THE IMPACTS OF RENT CONTROL: A RESEARCH REVIEW AND SYNTHESIS File Size: KB.
The purpose of rent control is to limit rent increases. If you’re a tenant, this is a good thing. By reading the local rent-control ordinance you can estimate just how much your rent is going to be next year and ten years from now. Generally rent increases are limited to a stated or indexed percentage.
From an overview of empirical evidence on the costs and benefits of rent control, Turner and Malpezzi () conclude that the effects of rent regulation vary greatly among countries and regions. Malpezzi, Stephen, "Welfare analysis of rent control with side payments: a natural experiment in Cairo, Egypt1," Regional Science and Urban Economics, Elsevier, vol.
28(6), pagesNovember. “The legislative intent of the rent control ordinance was to provide affordable rental housing, and at the eve of rent control’s elimination incontrolled units typically rented at plus percent below the price of nearby non-controlled properties,” the article says.Additional Physical Format: Online version: Malpezzi, Stephen.
Costs and benefits of rent control. Washington, D.C.: World Bank, © (OCoLC) Rent control is why this pattern occurs. The difficulty isn’t due to apartments being a “big-ticket” item; new cars are expensive, too, but finding one doesn’t carry the stress of finding an apartment in Brooklyn.
The difference is rent control. Rent control reduces the supply of rental units through two different mechanisms.