An Economic And Legal Analysis Of Rent Control
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An Economic And Legal Analysis Of Rent Control
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Author : Louis M Rea
language : en
Publisher:
Release Date : 1982
An Economic And Legal Analysis Of Rent Control written by Louis M Rea and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Rent control categories.
The Rent Control Debate
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Author : Paul L. Niebanck
language : en
Publisher:
Release Date : 1985
The Rent Control Debate written by Paul L. Niebanck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with History categories.
The most comprehensive and authoritative treatment of the rent control issue to date, this volume addresses: the conditions that provoke interest in rent control, the outcome of implementing the policy, the instruments used for evaluating the program, and its impact of local govenrments and housing markets. The contributors describe in detail two prime examples of rent control--in New York and California--and assess rent control's value for America's political economy. Originally published in 1986. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.
Rent Control
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Author : Robert M. Clatanoff
language : en
Publisher:
Release Date : 1985
Rent Control written by Robert M. Clatanoff and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Law categories.
Rent Control Myths Realities
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Author : Milton Friedman
language : en
Publisher:
Release Date : 1981
Rent Control Myths Realities written by Milton Friedman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Business & Economics categories.
The Economics And Law Of Rent Control
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Author : Kaushik Basu
language : en
Publisher:
Release Date : 2004
The Economics And Law Of Rent Control written by Kaushik Basu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
What stirs most people against rent control laws in the United States and elsewhere are stories of people who have held apartments for many years and now pay absurdly low rents for them. There are important reasons for removing rent controls, but the shock value of a low rent is not one of them.Basu and Emerson construct a model of second-generation rent control, describing a regime that does not permit rent increases for sitting tenants - or their eviction. When an apartment becomes vacant, however, the landlord is free to negotiate a new contract with a higher rent. They argue that this stylized system is a good (though polar) approximation of rent control regimes that exist in many cities in India, the United States, and elsewhere.Under such a regime, if inflation exists, landlords prefer to rent to tenants who plan to stay only a short time. The authors assume that there are different types of tenants (where type refers to the amount of time tenants stay in an apartment) and that landlords are unable to determine types before they rent to a tenant. Contracts contingent on departure date are forbidden, so a problem of adverse selection arises. Short stayers are harmed by rent control while long-term tenants benefit. In addition, the equilibrium is Pareto inefficient.Basu and Emerson show that when tenant types are determined endogenously (when a tenant decides how long to stay in one place based on market signals) in the presence of rent control, there may be multiple equilibria, with one equilibrium Pareto-dominated by another. In other words, many lifestyle choices are made based on conditions in the rental housing market. One thing rent control may do is decrease the mobility of the labor force, because tenants may choose to remain in a city where they occupy rent-controlled apartments rather than accept a higher-paying job in another city. Basu and Emerson show that abolishing the rent control regime can do two things: Shift the equilibrium to a better outcome and result in lower rents, across the board.A version of this paper - a product of the Office of the Senior Vice President and Chief Economist, Development Economics - was presented at an Applied Microeconomics Workshop at Cornell University.
Rent Control
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Author : Richard J. Arnott
language : en
Publisher: Kingston, Ont. : John Deutsch Institute for the Study of Economic Policy
Release Date : 1988
Rent Control written by Richard J. Arnott and has been published by Kingston, Ont. : John Deutsch Institute for the Study of Economic Policy this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Housing policy categories.
Rent Control
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Author : William Dennis Keating
language : en
Publisher: Routledge
Release Date : 1998
Rent Control written by William Dennis Keating and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Law categories.
Rent control, the governmental regulation of the level of payment and tenure rights for rental housing, occupies a small but unique niche within the broad domain of public regulation of markets. The price of housing cannot be regulated by establishing a single price for a given level of quality, as other commodities such as electricity and sugar have been regulated at various times. Rent regulation requires that a price level be established for each individual housing unit, which in turn implies a level of complexity in structure and oversight that is unequaled. Housing provides a sense of security, defines our financial and emotional well-being, and influences our self-definition. Not surprisingly, attempts to regulate its price arouse intense controversy. Residential rent control is praised as a guarantor of affordable housing, excoriated as an indefensible distortion of the market, and both admired and feared as an attempt to transform the very meaning of housing access and ownership. This book provides a thorough assessment of the evolution of rent regulation in North American cities. Contributors sketch rent control's origins, legal status, economic impacts, political dynamics, and social meaning. Case studies of rent regulation in specific North American cities from New York and Washington, DC, to Berkeley and Toronto are also presented. This is an important primer for students, advocates, and practitioners of housing policy and provides essential insights on the intersection of government and markets.
Rent Control
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Author : Sue-Mari Maass
language : en
Publisher:
Release Date : 2012
Rent Control written by Sue-Mari Maass and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Recent case law shows that vulnerable, previously disadvantaged private sector tenants are currently facing eviction orders - and consequential homelessness - on the basis that their leases have expired. In terms of the case law it is evident that once their leases have expired, these households do not have access to alternative accommodation. In terms of the Constitution, this group of marginalised tenants have a constitutional right of access to adequate housing and a right to occupy land with legally secure tenure. The purpose of this article is to critically analyse a number of legislative interventions, and specifically rent control, that were imposed in various jurisdictions in order to provide strengthened tenure protection for tenants. The rationale for this analysis is to determine whether the current South African landlord-tenant regime is able to provide adequate tenure protection for vulnerable tenants and therefore in the process of transforming in line with the Constitution. The legal construction of rent control was adopted in pre-1994 South Africa, England and New York City to provide substantive tenure protection for tenants during housing shortages. These statutory interventions in the different private rental markets were justified on the basis that there was a general need to protect tenants against exploitation by landlords. However, the justification for the persistent imposition of rent control in New York City is different since it protects a minority group of financially weak tenants against homelessness. The English landlord-tenant regime highlights the importance of a well-structured social sector that can provide secure, long-term housing options for low-income households who are struggling to access the private rental sector. Additionally, the English rental housing framework shows that if the social sector is functioning as a "safety net" for low-income households, the private sector would be able to uphold deregulation. In light of these comparisons and the fact that the South African social sector is not functioning optimally yet, the question is whether the South African private sector is able to provide the required level of tenure protection for struggling tenants. Recent case law shows that tenants are at liberty to lodge unfair practice complaints with the Rental Housing Tribunals on the basis that the landlords' ground for termination of the lease constitutes an unfair practice. The Court defined an unfair practice as a practice that unreasonably prejudices the tenants' rights or interests. This judicial development signifies some transformation in the private sector since it allows the Tribunals to scrutinise landlords' reasons for termination of tenancies in light of tenants' personal and socio-economic circumstances. The Tribunals are therefore empowered to weigh the interests of both parties and decide whether to confirm termination of the lease or set aside such termination. In light of this recent development, the Tribunals can provide strengthened tenure protection for destitute tenants on a case by case basis, which incorporates a flexible context-sensitive approach to the provision of secure housing rights in the landlord-tenant framework. This methodology is similar to the German approach. Even though this judicial development is welcomed, it raises some concerns with regard to landlords' property rights and specifically landlords' constitutional property rights since Tribunals are now at liberty to set aside contractually agreed grounds for termination of leases without any statutory guidance. The legislation fails to provide any information regarding legitimate grounds for termination, which might have to be rectified in future. The grounds listed in the rent control legislation should serve as a starting point to determine which grounds for termination of a lease should generally be upheld. However, German landlord-tenant law shows that a statutory ground for termination of a lease should not be imposed in an absolutist fashion but rather place a heavier burden on the tenant to prove why the lease should not come to an end.
Rent Control In North America And Four European Countries
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Author : William Smith
language : en
Publisher: Routledge
Release Date : 2020-02-18
Rent Control In North America And Four European Countries written by William Smith and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-18 with Political Science categories.
Rent control, the governmental regulation of the level of payment and tenure rights for rental housing, occupies a small but unique niche within the broad domain of public regulation of markets. The price of housing cannot be regulated by establishing a single price for a given level of quality, as other commodities such as electricity and sugar have been regulated at various times. Rent regulation requires that a price level be established for each individual housing unit, which in turn implies a level of complexity in structure and oversight that is unequaled.Housing provides a sense of security, defines our financial and emotional well-being, and influences our self-definition. Not surprisingly, attempts to regulate its price arouse intense controversy. Residential rent control is praised as a guarantor of affordable housing, excoriated as an indefensible distortion of the market, and both admired and feared as an attempt to transform the very meaning of housing access and ownership.This book provides a thorough assessment of the evolution of rent regulation in North American cities. Contributors sketch rent control's origins, legal status, economic impacts, political dynamics, and social meaning. Case studies of rent regulation in specific North American cities from New York and Washington, DC, to Berkeley and Toronto are also presented. This is an important primer for students, advocates, and practitioners of housing policy and provides essential insights on the intersection of government and markets.
Rent Control
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Author : Robert Albon
language : en
Publisher: Taylor & Francis
Release Date : 2024-01-15
Rent Control written by Robert Albon and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-15 with Business & Economics categories.
First Published in 1987, Rent Control discusses the economics of rent control, citing numerous international examples of the detrimental effects of rigid rent control. Various policy options to revamp rental housing markets are examined critically. Rent control has proved a key issue in both politics and economics, repeatedly dividing interventionists and free marketeers. Consequently, its history - throughout the world- is extremely involved and tangled. Successive governments have sought to reverse the legislation of their predecessors without appearing, on the one hand, to remove the right to manage their own properties from landlords, or on the other to condone the behavior of unscrupulous and exploitative landlords. The authors argue that partial repeals of rent control have been ineffective at best, and counterproductive at worst. Only complete abolition of rent and eviction controls imposed by the state can bring about revitalised housing markets, and the book ends with a discussion of how this can be done without causing too much hardship. This is an interesting read for scholars and researchers of political economy and British economy