Side Rent Control example essay topic
381 words
Rent control has been in force in a number of major American cities for many decades. The best-known example is New York City. But this policy, meant to assist poorer residents, harms far more citizens than it helps, benefits the better off, and limits the freedom of all citizens. Rent control not only harms the landlords and tenants, it also has negative effects on the safety of communities, and appearance of the house and its maintenance.
It's amazing how rent control and decontrol affects harms tenants and landlords at the same time. Repealing rent control in Boston opposed the working-class favor. Many of them had to look for new apartments and move miles away. Rent control isn't much helpful either because there is a shortage of houses to rent so it makes it hard for the people to find a place. On the other side rent control upsets the landlords because they have to lease their property for less, and decontrol creates a surplus in houses available. As was mentioned in the article 30 percent of households spend more than 30 percent of their incomes on rent, and on the other side the landlord had to pay his tenant $6,000 to move out.
I think if the government wants to regulate rent prices; government should enforce deed restriction on tenants too, so everybody take responsibility in order to keep the community in an acceptable and attractive shape. Or one can argue that we live in a free country and Government doesn't have any right to interfere with the choices of people to do business with each other, and neither the landlord nor the tenant can force each other to buy each other's offer, and should take more than a NO to end the deal in that case. Rent control is a big and complicated problem and there is no simple answer to a big problem. It's been an issue for years, and obviously it won't be solved over night.
Both sides want to be happy and it is obvious that's not going to happen by putting a ceiling or floor on the rent prices. Landlords want more money and tenants want to pay less money. economics.
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