The redistributional impact of modern rent control
AbstractSince the early 1970s over 200 cities in the United States of America have enacted rent control. Currently 10% of the nation's renters are covered by some form of rent regulation, yet little is known about the economic consequences of rent control. Most evidence suggests that modern rent controls have little or no impact on the amount of investment in rental housing. Such a finding is primarily because of the nonrestrictive nature of most current rent control ordinances, which typically exempt newly constructed housing, guarantee a fair and reasonable return on investment, and allow for annual rent adjustments to cover increases in operating costs. Although this relatively mild type of rent control succeeds in limiting extreme rent increases, it does not result in significant relief from high rents in most regulated cities. Only with strong rent control ordinances will rents be significantly impacted.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Pion Ltd, London in its journal Environment and Planning A.
Volume (Year): 22 (1990)
Issue (Month): 5 (May)
Contact details of provider:
Web page: http://www.pion.co.uk
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Early, Dirk W., 2000. "Rent Control, Rental Housing Supply, and the Distribution of Tenant Benefits," Journal of Urban Economics, Elsevier, vol. 48(2), pages 185-204, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Neil Hammond).
If references are entirely missing, you can add them using this form.