2007-03-06 06:27:22 · 9 answers · asked by its me 1 in Social Science ➔ Economics
Tenants who already have an apartment.
2007-03-06 06:34:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Mostly the tenant, although you could argue nobody...while the rent stays cheap for the tenant, as the others have mentioned, the owner gets the shaft--he is stuck trying to deal with rising costs of building maintenance and management on the same budget. Which ultimately means that the tenant's rent money is falling shorter and shorter of regular maintenance costs. As a result, though the owner may not be able to raise the rent, he may need to make an amendment to the renter's agreement saying that the renter is responsible for an increased portion of all repairs done to the apartment and/or building (ie, tenant must cover all repairs under $200, then $500, etc).
Basically, rent control is just silly interference with the natural ebb and flow of the free market.
2007-03-06 14:41:11 · answer #2 · answered by Woz 4 · 0⤊ 0⤋
Actually, current renters do not really benefit from rent control. In the short term, their rent will be kept down due to the rent control laws. But, this also reduces the landlord's incentives to keep up the property. Over the long run, the value of the property will decline and the renter will be getting less for their rent.
2007-03-06 19:43:29 · answer #3 · answered by Allan 6 · 0⤊ 0⤋
People on assistance of various kinds but the foregotton benefactors are the ones that work full time or have more than one part time job and still cannot make ends meet. In Calgary, Alberta, right now, we have a huge number of homeless. Many of these people are single working males. These guys are working full time! That's not right! Also single working moms trying to raise their kids the best way they can. They deserve a break!
There are a lot of issues around these things. We have slum lords up here too. Owners have to be able to make a living and still be able to maintain their properties to a good standard. This is where government should step in with better community planning and services.
Peace!
2007-03-06 14:36:27 · answer #4 · answered by Jamie 4 · 0⤊ 0⤋
No one really. Whenever the government intervenes in the market they create inefficiency. In the case of rent control the lower price creates an increase in demand for places to rent. However, because the price is artificially held down, suppliers want to supply fewer places to rent. This creates a shortage of places to rent, and a disincentive to build new rental units (a disincentive is a good reason not to do something).
The best option is to let the market do what it does best (set price and quantity) and provide subsidies for low income people who need housing.
2007-03-06 14:36:36 · answer #5 · answered by Yo, Teach! 4 · 3⤊ 1⤋
depends i work with a lady who has a house where the rent is controled by her this is a home for ladys who are tring to get on her feet!
this lady benefits emotionly from this! it's a non profit organization
the lady trying to get on her feet benifiet from this by getting a lower rent
win win to me!
2007-03-06 14:41:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Politicians - they fool people into thinking that rent control is good and get votes.
.
2007-03-06 19:15:02 · answer #7 · answered by Zak 5 · 0⤊ 0⤋
Tenants who manage to stay in the same place for a very long time (think 20 years or longer) without the place being converted to a condominium.
2007-03-06 14:34:09 · answer #8 · answered by NC 7 · 1⤊ 1⤋
the people living in the apartment. the owner gets screwed
2007-03-06 14:34:50 · answer #9 · answered by MATTHEW B 4 · 1⤊ 0⤋