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Rent controlled apartments: Already taken

Posted by Provost on October 30, 2001 at 15:05:28:

In Reply to: Re: How to get rent control apartment posted by kc on October 30, 2001 at 14:36:22:

Rent control was a "temporary" measure enacted during WWII. It froze rents at whatever they were then - those are the apartments with ridiculously low rents, $50, $85, $100 a month, for instance.

Rent control may "protect" from rent increases that small section of the population that wants to live in the same apartment for 60 years. For the rest of us, it results in apartments taken off the market almost permanently. It results in the gradual deterioration of buildings (even wholesale abandonment, as in the Bronx in the 1970's) when rent rolls do not pay even for building maintainence. And it results in higher rents for the rest of us forced to seek out those apartments left on the free market.

Of course, the rent control system is abused...tenants in a rent controlled apartment may be willing to rent you a room, but surely at a great markup from the rent they are paying!

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