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Rent control (view source)

Revision as of 02:19, November 4, 2007

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Some argue that rent control causes a [[shortage]] in housing because it removes the incentive for landlords to incur costs to build or renovate new units.  To address such a shortage, sometimes rent control will not apply to new units.
 
Some argue that rent control causes a [[shortage]] in housing because it removes the incentive for landlords to incur costs to build or renovate new units.  To address such a shortage, sometimes rent control will not apply to new units.
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In a 5-4 decision, the [[U.S. Supreme Court]] held that rent control is constitutional in ''[[Block v. Hirsh]]'', 256 U.S. 135 (1921).
    
[[category:economics]]
 
[[category:economics]]
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