What Is The Economic Definition Of Rent Control?
Автор: Social Issues For Everyone
Загружено: 2026-01-23
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Ever wondered how government policies shape the cost of your housing? This video breaks down the economic definition of rent control, a policy frequently debated in urban areas.
In this explanation, you'll learn:
► Rent control is a government policy setting a maximum price for rental properties, aiming for affordability.
► Economically, it acts as a price ceiling below market equilibrium, often leading to a housing shortage.
► While protecting tenants, it can unintentionally discourage landlord investment in maintenance and new construction.
► There are two main forms: strict rent ceilings and vacancy control, both influencing market dynamics.
► Understanding rent control's economic definition reveals its dual nature: intended affordability vs. potential market distortions.
#RentControl, #HousingEconomics, #PriceCeiling, #UrbanPlanning, #MarketIntervention
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