Rent Control: Pros And Cons :: Rent Control New York Argumentative Essays

Rent Control Pros and ConsRent control is the government imposition of expenditure ceilings on countercur crosscurrent forapartments in certain areas of a city. The goal is usually to shelter the rightsof the poor. Thus, in a rent controlled or rent stabilized building, the amountof rent will non increase as quickly as inflation. plot the moral location of rentcontrol may have some appeal, in the long run the disadvantages far surmount theadvantages.Those who argue in opt of rent control say that it is the only way to protectlower-income tenants from landlords who overprice, and from being forced to moveout of a contiguity because they cannot afford the rent. Limiting the pricethat a landlord can demand helps maintain a citys ethnic diversity and pr chargeingtsthe creation of slums on the outskirts of the main city. Another involvement thatproponents say is that by linking rent prices to apartment maintenance andmaterial improvements, rent control actually improves the st ate of housing.Overall, they argue that the goals of rent control can be reached if they areadministered in a careful and just way.The opponents, though, have both theoretical and practical experience on theirside. First, rent control creates a foodstuff that is unfair for everyone. Sincethe rent is develop at a lower than normal level, an unsatisfied demand is created.This increase in demand leads to an increase in the court of rents in theuncontrolled sector. Thus, both types of rents are created those that areunfairly cheap, and those that are unfairly expensive.Another problem that is created is that landlords who own rent controlledapartments are often not able to earn copious money to adequately maintainbuildings. This leads to run-down, poor quality housing. In mevery cases,landlords lose so much money that they are not able to even pay the debt on theproperties, and they abandon them. Both of these effects have been documented inNew York and elsewhere, and go against th e goals of rent control.Finally, rent control has the bad side effect of turning away new construction.This is because even if rent controls dont include new constructions, ownersare afraid to build any new buildings if in a few years those too will be takenover by rent control. Rent control thence leads to less construction and an evengreater unsatisfied demand. This, in turn, increases the rents of uncontrolledapartments even more. New constructions are also avoided because banks andinsurance companies dont want to invest in areas where rent control is ineffect, because they know that it is likely that landlords will not be able toRent Control Pros And Cons Rent Control New York disputatious EssaysRent Control Pros and ConsRent control is the government imposition of price ceilings on rent forapartments in certain areas of a city. The goal is usually to protect the rightsof the poor. Thus, in a rent controlled or rent stabilized building, the amountof rent will not increase a s quickly as inflation. While the moral side of rentcontrol may have some appeal, in the long run the disadvantages far outweigh theadvantages.Those who argue in favor of rent control say that it is the only way to protectlower-income tenants from landlords who overprice, and from being forced to moveout of a neighborhood because they cannot afford the rent. Limiting the pricethat a landlord can demand helps maintain a citys ethnic diversity and preventsthe creation of slums on the outskirts of the main city. Another thing thatproponents say is that by linking rent prices to apartment maintenance andmaterial improvements, rent control actually improves the state of housing.Overall, they argue that the goals of rent control can be reached if they areadministered in a careful and just way.The opponents, though, have both theoretical and practical experience on theirside. First, rent control creates a market that is unfair for everyone. Sincethe rent is set at a lower than normal level , an unsatisfied demand is created.This increase in demand leads to an increase in the cost of rents in theuncontrolled sector. Thus, two types of rents are created those that areunfairly cheap, and those that are unfairly expensive.Another problem that is created is that landlords who own rent controlledapartments are often not able to earn enough money to adequately maintainbuildings. This leads to run-down, poor quality housing. In many cases,landlords lose so much money that they are not able to even pay the debt on theproperties, and they abandon them. Both of these effects have been documented inNew York and elsewhere, and go against the goals of rent control.Finally, rent control has the bad side effect of turning away new construction.This is because even if rent controls dont include new constructions, ownersare afraid to build any new buildings if in a few years those too will be takenover by rent control. Rent control thus leads to less construction and an evengreater uns atisfied demand. This, in turn, increases the rents of uncontrolledapartments even more. New constructions are also avoided because banks andinsurance companies dont want to invest in areas where rent control is ineffect, because they know that it is likely that landlords will not be able to