Word: renting
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...landlords who can't raise their rents have a strong incentive to let their apartments deteriorate in order to bolster profit margins and encourage their rent-controlled tenants to move...
This economic logic is almost universally accepted. Even Nobel prizewinning, liberal economist James Tobin agrees that rent controls are "very inefficient." He was quoted in The Washington Monthly as saying, "The only difference between liberal and conservative economists is that conservatives would like to do away with them without putting anything in their place. Liberal economists would like to come up with something more efficient...
...unlike some other vintage Ec 10 theories, the correlation between rent control and homelessness is borne out by the facts...
...study of 50 American cities, William Tucker found that, of all factors commonly suggested to explain homelessness, the existence of rent control has the single strongest correlation. Rent control, he found, is typically associated with a 250 percent increase in homelessness...
THAT'S why I wish my activist friends would get the news. Rent control hurts the most vulnerable members of society for the benefit of a few people who get "a good deal" on their rents. It's the classic example of the "pull-up-the-ladder syndrome," as Washington Monthly editor Charles Peters calls psuedo-liberal programs that hurt the folks at the bottom...