In 1-2 sentences, describe disadvantages of rent control. Include how text control affects (1) available housing and (2) the decisions of property owners to maintain their apartments.

One disadvantage of rent control is that the person who owns the property and is renting it can not decide what price is best to rent the property out. This is because the government chose the price for them and you cant be real picky on who lives there because people need a place to live. As well as this makes the houses and apartments fill up faster given that the government usually chooses smaller rates, so more and more people can afford to rent these places which creates housing shortages.

Explanation:

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Sam1s Sam1s · Answer 2 · 2021-11-08T06:43:36+01:00

Rent control is an instrument by which the cost of leasing is kept inside specific limits, with the end goal that it doesn't ascend past a given level, nor develops at a rate higher than a predefined rate.

1. Available housing

Exploration shows that rent control benefits current occupants by diminishing their lease trouble and shielding them from removal and uprooting.

Lease control may likewise have accidental adverse results on the more extensive real estate market, explicitly in its effect on lodging supply, quality, and by and large leases.

2. The decisions of property owners to maintain their apartments:

Lease control adversely impacts property managers in light of the fact that the landowners are leasing units to inhabitants far beneath the current honest evaluation of the unit.
Other than the way that they are gathering undeniably less cash for the unit, a lease controlled inhabitant can even cost the property manager cash.

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