-PDF Download- The Impact Of Rent Control On The Los Angeles Housing Market EBOOK

The Impact of Rent Control on the Los Angeles Housing Market

Author: C. Peter Rydell

Publisher:

Published: 1981

Total Pages: 176

ISBN-13:

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Analyzing Rent Control

Author: Michael P. Murray

Publisher:

Published: 1988

Total Pages: 64

ISBN-13:

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Rent Control in North America and Four European Countries

Author: William Smith

Publisher: Routledge

Published: 2020-02-18

Total Pages: 210

ISBN-13: 1000678911

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Rent control, the governmental regulation of the level of payment and tenure rights for rental housing, occupies a small but unique niche within the broad domain of public regulation of markets. The price of housing cannot be regulated by establishing a single price for a given level of quality, as other commodities such as electricity and sugar have been regulated at various times. Rent regulation requires that a price level be established for each individual housing unit, which in turn implies a level of complexity in structure and oversight that is unequaled.Housing provides a sense of security, defines our financial and emotional well-being, and influences our self-definition. Not surprisingly, attempts to regulate its price arouse intense controversy. Residential rent control is praised as a guarantor of affordable housing, excoriated as an indefensible distortion of the market, and both admired and feared as an attempt to transform the very meaning of housing access and ownership.This book provides a thorough assessment of the evolution of rent regulation in North American cities. Contributors sketch rent control's origins, legal status, economic impacts, political dynamics, and social meaning. Case studies of rent regulation in specific North American cities from New York and Washington, DC, to Berkeley and Toronto are also presented. This is an important primer for students, advocates, and practitioners of housing policy and provides essential insights on the intersection of government and markets.

Rent Control

Author: William Dennis Keating

Publisher: Routledge

Published: 1998

Total Pages: 276

ISBN-13:

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Rent control, the governmental regulation of the level of payment and tenure rights for rental housing, occupies a small but unique niche within the broad domain of public regulation of markets. The price of housing cannot be regulated by establishing a single price for a given level of quality, as other commodities such as electricity and sugar have been regulated at various times. Rent regulation requires that a price level be established for each individual housing unit, which in turn implies a level of complexity in structure and oversight that is unequaled. Housing provides a sense of security, defines our financial and emotional well-being, and influences our self-definition. Not surprisingly, attempts to regulate its price arouse intense controversy. Residential rent control is praised as a guarantor of affordable housing, excoriated as an indefensible distortion of the market, and both admired and feared as an attempt to transform the very meaning of housing access and ownership. This book provides a thorough assessment of the evolution of rent regulation in North American cities. Contributors sketch rent control's origins, legal status, economic impacts, political dynamics, and social meaning. Case studies of rent regulation in specific North American cities from New York and Washington, DC, to Berkeley and Toronto are also presented. This is an important primer for students, advocates, and practitioners of housing policy and provides essential insights on the intersection of government and markets.

The Rent Control Debate

Author: Paul L. Niebanck

Publisher:

Published: 1985

Total Pages: 164

ISBN-13:

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The most comprehensive and authoritative treatment of the rent control issue to date, this volume addresses: the conditions that provoke interest in rent control, the outcome of implementing the policy, the instruments used for evaluating the program, and its impact of local govenrments and housing markets. The contributors describe in detail two prime examples of rent control--in New York and California--and assess rent control's value for America's political economy. Originally published in 1986. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.

Economic Study of the Rent Stabilization Ordinance and the Los Angeles Housing Market

Author: Daniel Flaming

Publisher:

Published: 2016

Total Pages: 431

ISBN-13:

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This report was prepared for the City of Los Angeles Housing Department to recommend policies for improving conditions in the housing market and fairly balancing the interests of tenants and landlords under the city's Rent Stabilization Ordinance. Two-thirds of the rental units in Los Angeles are regulated by the ordinance. Surveys of 4,859 renters and 2,083 rental property owners found that a majority of both renters and owners agree that it is important to provide housing families can afford. Broadly supported solutions include building affordable units for families and seniors, subsidizing rental units to make them affordable, preserving existing affordable housing, home ownership programs for renters, and requiring new apartment buildings to have some affordable units.Eight out of 10 apartments covered by LA's rent control were purchased after enactment of this ordinance in 1978. Most owners have knowingly entered this market. Owners of rent-controlled buildings in Los Angeles enjoyed increases in value that were similar to buildings not covered by rent control. The rate of return on apartment investments is largely tied to when the investment was made. Most owners who purchased prior to about 2003, paid prices for their apartments that were reasonable relative to the current market value of their units.A third of renters surveyed either did not know or were wrong about whether their unit is under the Rent Stabilization Ordinance, and a majority did not know that the ordinance places limits on rent increases and reasons for eviction. Half of owners surveyed did not know that they can obtain additional revenue to pay for capital improvements to their buildings. Survey responses about rent increases showed that 30 percent of renters received smaller rent increases than could have been made under the Rent Stabilization Ordinance, but 27 percent of renters had rent increases that exceeded the allowable ceiling under the ordinance.