2007-03-06 06:20:00 · 5 answers · asked by its me 1 in Business & Finance ➔ Renting & Real Estate
It depends on what side you are on. If you are a renter then it's great. If you are a landlord then it's bad because you will not get market rent.
2007-03-06 08:13:48 · answer #1 · answered by tianaramal 4 · 0⤊ 0⤋
We are a supply and demand economic system which is combined with social services for those less fortunate. Rent controls only works when the market pressures the government to supply more services with less taxes. If there is plenty of property available or land that can be used to create rentals the market will take care of the prices through competition. When there is no competition and high demand then there might be a need for rent controls. Of course in countries like Cuba and Korea it works wonderfully
Buena Suerte
2007-03-06 06:30:04 · answer #2 · answered by newmexicorealestateforms 6 · 1⤊ 0⤋
This would be nearly impossible to regulate as every home is different with property values, location, ect. Besides with home loans as competitive as the are and the real estate market where it is, your really going to get the best shake than if it was a "Rent Controlled" environment.
2007-03-06 06:27:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Price controls never work in the long term.
http://en.wikipedia.org/wiki/Price_control
If a governing body tries to freeze a price of something and that something has value to people, that thing will cease to become available. History is full of examples.
2007-03-06 06:25:06 · answer #4 · answered by zaphodsclone 7 · 0⤊ 0⤋
Your "if" statement is wrong...it is not a good thing.
2007-03-06 06:52:10 · answer #5 · answered by kingstubborn 6 · 0⤊ 0⤋