RT Article
T1 Rent Control: An Economic Abomination
JF International journal of value-based management
VO 11
IS 3
SP 253
OP 263
A1 Block, Walter
A1 Horton, Joseph
A1 Shorter, Ethan
A2 Horton, Joseph
A2 Shorter, Ethan
LA English
YR 1998
UL https://ixtheo.de/Record/1801630348
AB Rent control is a public policy which fails on both normative and positive economic grounds. In the former case, it violates all canons of equity, of both right (private property rights are sacrosanct) and left (it does not promote egalitarianism, rather, often, it enriches rich tenants and impoverishes poor landlords). In the latter, it leads to inefficiency, deterioration of rental housing, reduces incentives for upkeep and maintenance, reduces labor mobility, exacerbates landlord tenant relations, promotes housing abandonment and homelessness, and misallocates resources away from residential rental units. This sovietization of housing has effects similar to the sovietization of anything else: farming, factories, industry, forestry, whatever.
K1 deregulation
K1 Homelessness
K1 economic incentives
K1 tenants
K1 landlords
K1 rent control
DO 10.1023/A:1007704207024