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Pros And Cons Of Rent Control Policies

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In today's modern economy, the government's intervention in the market has become a critical component of ensuring fairness and affordability. One of the most notable examples of this intervention is the implementation of minimum wage laws and rent control policies. These two policies work in tandem to promote affordability and social welfare, however, they also include downsides, particularly in terms of the impact they may have on the market and those who operate within it. In this paper, we will delve into the world of rent control policies and explore their advantages and disadvantages for landlords by analyzing the following article from Avail.co “The Pros and Cons of Rent Control for Landlords in the U.S.”(Grgurich, 2022). Additionally, …show more content…

Rent control is an example of price ceiling policy that refers to government regulations implemented in certain cities and states to limit the amount landlords can charge for rent on their properties (tutor2u, 2019). The policy is designed to help tenants by providing them with affordable housing options, but it can also have a significant impact on landlords (tutor2u, 2019). The article “The Pros and Cons of Rent Control for Landlords in the U.S.” provides an in-depth analysis of the pros and cons of rent control policies for landlords. According to Grgurich (2022), rent control can help tenants save money on rent and provide them with stability in their housing situation and it can benefit communities by reducing the risk of displacement and promoting social and economic diversity. However, the article also outlines the challenges that rent control policies create for landlords. One of the most significant challenges is the reduced income that landlords may experience when rent is limited (Grgurich, 2022). Rent control policies may make it difficult for landlords to cover their costs, …show more content…

Minimum wage is an example of price floor policy and it defines the lowest hourly wage that an employer is legally required to pay to their employees for their labor (United States Department of Labor, 2021). The purpose of this policy is to establish a baseline wage that employers must pay to their employees to ensure that they are being fairly compensated for their work. The intention is to provide a decent living standard for workers through economic equality, reduce poverty and stimulate economic growth by increasing consumer spending power (Maverick, 2022). However, this type of policy can also have some negative impacts as it can lead to job losses, especially for low-skilled workers, and may result in higher prices for goods and services (Maverick,

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Living in low-priced neighborhoods were the Landlord will evict without an additional thought abolishes many lives and advancement opportunities. Countless people rent cheap houses or apartments so they can get a foothold in this crazy world, and stand up straight alone. People need a home to get a job, license and government help. When a landlord evicts deprived of a subsequent notice, it completely catches people off guard, and all progress of advancement gets lost in the trash. Based on “Evicted” by Mathew Desmond evictions and foreclosures are the things that keep people from advancing in life because to advance in life a foothold is a necessity and evictions and foreclosures effectively remove that foothold.

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Principal among his solutions was housing reform, not just the making of laws to limit the number of people who could be packed into a given living space, but also the destruction or renovation of old buildings. Riis also believed that the landlords must be subject to law and punishment for their malpractice. He suggest that the states have the power to regulate and control of overcrowding and that the tenements and the landlords set a fair ground between them. The following proposals mean that the landlords must set the rent at a reasonable price for both the tenants and the landlords, and provide appropriate repairs and necessities when needed. Accordingly, the tenants must show respect and take care of their home with proper treatment.

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Rick Holliday attempts to address the history of homelessness in America and the policy challenges of addressing homelessness while simultaneously subsidizing homeownership. The book delves into the role of legislation and voter-driven measures in addressing the housing crisis. For instance, Los Angeles voters passed a $1.2 billion bond measure to build supportive housing units in 2016, as well as a $4 billion affordable housing bond included in a 2017 housing package. Throughout these chapters, Dougherty sheds light on the competing interests involved in housing development, legislation, and advocacy. The book continues to explore the personal stories of individuals involved in the fight for affordable housing, capturing the key moments and ongoing efforts to tackle the housing crisis in California.

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The prices of homes are rising so it makes it harder to find a decent home at an affordable price. Steve Brandt argues that “Advocates for the homeless blame the lingering effects of the Great Recession and soaring rents,“ (Homelessness increases despite the decade-long push to end it in Minneapolis, Hennepin County 1). In other words, people may start to think that homelessness may have something to do with expensive rents and the Great Recession. Such a statement proves that there is this definitely a problem. If people realize the rising prices could be making it harder to find a home that they can afford, then it is an issue.

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This solution is the best solution because if the cost of living is down a lot of homeless people will not experience homelessness, they will be able to afford the things they need to survive. In conclusion, it is clear that homelessness is a problem facing

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The solution targets the chronically homeless, who cost the health-care and social service systems the most money. The program of providing apartments to the chronically homeless is selective due to limited money, but requirements must be met to be eligible. The program creates dependency under supervision to get people back on their feet. Gladwell assesses the problem by conducting marginal analysis to weigh the cost and benefits. The benefit of spending less money to solve the problem outweighs the opportunity cost of serving all the homeless with a shelters and soup kitchens.

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