Question.5152 - Week 4 DiscussionPlease take a moment to look through the Brookings report, written by Dr. Rebecca Diamond, an Associate Professor of Economics at the Stanford Graduate School of Business, https://www.brookings.edu/research/what-does-economic-evidence-tell-us-about-the-effects-of-rent-control/ (Links to an external site.) and share your own thought about rent control; are you "for" or against" it and why?
Answer Below:
Based xx the xxxxxxxxxxx provided xx the xxxxxxx from xxx Brookings xxxxxxxxxxx regarding xxxx control xxxx are xxxx considerations xxxxxxxxx the xxxxxx Rent xxxxxxx while xxxxxxxx to xxxx housing xxxx affordable xxx stable xxx tenants xxx several xxxxxxxx implications xxxx need xxxxxxx consideration xxxxxxxxxx Benefits xx Long-term xxxxx Rent xxxxxxx initially xxxxxxxx current xxxxxxx by xxxxxxx their xxxxxxx costs xxxxx and xxxxxxxxx stability xxxxxxx over xxx long xxxx it xxx reduce xxxxxxxxxx for xxxxxxxxx to xxxxxxxx or xxxxxxx rental xxxxxxxxxx potentially xxxxxxx to xxxxxxxxxxxxx in xxxxxxx quality xxxxxx Distortions xxxx control xxx distort xxxxxxx markets xx reducing xxx supply xx rental xxxxxxx Landlords xxx be xxxx inclined xx offer xxxxxx units xx they xxxxxx adjust xxxxx to xxxxxx rates xxxxxxxxxx in xxxxx with xxxx demand xxxxxxxxxxxxxx and xxxxxxxxxxxx Effects xxxxxxxxxxxxx rent xxxxxxx can xxxxxxxxxx to xxxxxxxxxxxxxx By xxxxxxxx turnover xx rent-controlled xxxxx it xxx make xxxxxxxxxxxxx less xxxxxxx and xxxxxxxxxx to xxx residents xxxxxxxxxxx it xxx incentivize xxxxxxxxx to xxxxxxx rental xxxxxxxxxx into xxxxxxxxxx housing xxxxxxxx to xxxxxxxxxxxxx individuals xxxxxxxx Efficiency xxxxxxxxxx often xxxxx that xxxxxxxxxxxxx prices xxx more xxxxxxxxx allocators xx resources xxxx government-imposed xxxxx controls xxxx control xxx lead xx misallocation xx housing xxxxx tenants xxx stay xx units xxxx no xxxxxx suit xxxxx needs xxxx reducing xxxxxxx housing xxxxxxxx Alternative xxxxxxxxxx Instead xx rent xxxxxxx some xxxxxxxxxx suggest xxxxxxxxxxx policies xxxx direct xxxxxxxxx or xxx credits xx low-income xxxxxxx These xxxxxxxxxx aim xx achieve xxx goal xx housing xxxxxxxxxxxxx without xxxxxxxxxx market xxxxxxxxxx for xxxxxxxxx Considering xxxxx points xxxxx rent xxxxxxx can xxxxxxx immediate xxxxxx to xxxxxxx facing xxxx housing xxxxx its xxxxxxxxx effects xx housing xxxxxxx and xxxxxxxxxxxx dynamics xxx complex xxx often xxxxxxxxxxxxxxxxx Policymakers xxxx to xxxxx these xxxxxxxxxx carefully xxxx considering xxxx control xx a xxxxxx toolMore Articles From ECON 1 A01-PRINCIPLES OF MICROECONOMICS
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