Here is a great link about on rent controls.
One of the biggest problems that is affecting in New York City is the rent increasing. The rent has being increasing because of the high taxes of the city. Another responsible of the rent increase is the crude oil. As we know the crude oil moves the economic of the world. The oil is going to go up day by day are going up and the market, food and gas.
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http://query.nytimes.com/gst/fullpage.html?res=9501E2DA173BF932A3575BC0A967948260
Claribel, Yolanda, Idesla
1 comment:
And though property taxes and other costs may be increasing rents landlords will try to add on their own increases hoping to hide it with the rest.
The big issue is the lack of affordable rental housing.
Developers will only want to build for the high-end of the market where logically they make the most money.
Look at the situation in Canada where rental housing construction plummeted after 1972 after both the federal and provincial governments terminated huge tax breaks for the construction of any rental housing. This was years before any of the provincial governments brought in rent regulations necessitated by the greed of the landlords.
There are many forms of rental regulations which all get labelled as rent controls so one needs to get specific about what law they are talking about when they discuss so-called rent control laws.
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