The Pros And Cons Of Rent Control
opinion Essay
889 words
Although the recent tech boom in San Francisco has been blamed for the increased housing demand and the lack of affordable rental housing in the City, the reality is that the shortage of affordable rental housing been steadily climbing for the last 35 years. Rent control is oftenat the center of the controversy regarding the affordable housing shortage. In response to high inflation, and escalating rents, San Francisco’s Residential Rent Stabilization and Arbitration Ordinance was passed in 1979 (Forbes, Sheridan, 1999). Rent control imposes restrictions on landlords in regards to rent increases and evictions. It is estimated that seventy percent of San Francisco’s rental units are under rent control (Marti, Shortt, 2013). Because of the limited rent increases allowed, tenants living in these rent controlled apartments seldom move out, which severely impacts the vacancy rates in the City. Although the vacancy rate among rent-controlled units is extremely low, there are occasions when a tenant may vacate a rent control unit (a job out of the area, the decision to purchase a home, etc.). When a rent-controlled unit is voluntarily vacated, the landlord is allowed to raise the rent to market rates (this is called vacancy de-control); then the rent control annual increase takes effect on the new rent. A landlord will often raise the new rent to the highest possible price the market will allow, in an attempt to recoup the financial loss he is incurring on the units still under rent control. Because of the new higher rent, the previously affordable unit is no longer considered affordable; which then impacts the inventory of affordable housing in San Francisco.
“Rent control creates incentives for owners of controlled units to move thes...
... middle of paper ...
...t of owning a rental property is more than the income it produces. The bottom line is that owning a rental property is a business, a way of making a living for most property owners, and must be viewed as such. My idea is to develop a policy that requires all residential multi-unit buildings to provide a percentage of rental units to serve the following populations: economically disadvantaged, veterans, and middle income. Resources such as low interest capital improvement loans, government subsidies to offset low income rates, allowable rent increases based on tenants length of tenancy and change in income, will be made available to property owners who offer more than the required number of units at affordable rents. The funding for these would come from the newly formed San Francisco program, Housing Opportunities Promoting Equality, known as the H.O.P.E. Program.
In this essay, the author
- Explains that the recent tech boom in san francisco has been blamed for the increased housing demand and the lack of affordable rental housing in the city.
- States that rent control creates incentives for owners of controlled units to move these units into owner-occupied sectors.
- Opines that a policy that rewards landlords rather than penalizes them should be looked at closely to remedy the affordable housing shortage.
- Explains that the recent tech boom in san francisco has been blamed for the increased housing demand and the lack of affordable rental housing in the city.
- States that rent control creates incentives for owners of controlled units to move these units into owner-occupied sectors.
- Opines that a policy that rewards landlords rather than penalizes them should be looked at closely to remedy the affordable housing shortage.
- Proposes a policy that would require all residential multi-unit buildings to provide rental units to serve economically disadvantaged, veterans, and middle income.
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- Explains that san luis obispo's housing market has become more of rental homes over the last 20 years. substandard housing has created health and safety issues due to overcrowding.
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- Opines that preserving safe, high-quality public housing should be a priority of federal housing policy.
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- Explains that sterns, a.a., and ansello, e.f. (2008, january 1). education about special aging populations.
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- Cites the united states department of housing and urban development's annual report on fair housing fy 2009, pp. 1-103.
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1816 wordsRead More - The National Alliance to End Homelessness (NAEH) has created a federal policy design to aid the homeless and spread awareness of the situation. Their main concern was to enhance the ability of certain programs to prevent and end homelessness for low-income families. Providing cheap and affordable housing is obviously a major factor in helping to curb homelessness, yet it is still inadequate in dealing with the root issues (National Alliance to End Homelessness, 2012). However, these policies are not making any progress because homelessness is still on the rise. All through the San Fernando Valley there is a considerable lack of space in hostels and housing accommodations where a homeless person can find shelter. There are waiting lists that may go on for months or even years, with little hope of getting shorter. The Los Angeles County needs to invest more money on permanent supportive housing, such as houses and apartments, for the homeless so that they can live better
In this essay, the author
- Argues that the san fernando valley should advocate to improve the homelessness situation brought forth by a multitude of factors such as poverty, high unemployment and an affordable housing plan.
- Explains that homelessness is bad for local businesses and can deter visitors. the san fernando valley can have a significant impact on its growing homeless population by addressing its immediate and long-term costs.
- Opines that the valley's local economy should invest in supportive resources to combat its growing homelessness outbreak.
- Argues that the san fernando valley should advocate to improve the homelessness situation brought forth by a multitude of factors such as poverty, high unemployment and an affordable housing plan.
- Explains that homelessness is bad for local businesses and can deter visitors. the san fernando valley can have a significant impact on its growing homeless population by addressing its immediate and long-term costs.
- Opines that the valley's local economy should invest in supportive resources to combat its growing homelessness outbreak.
- Explains that the san fernando valley's high poverty rate is making it difficult to reduce homelessness. this is a significant economic barrier for many valley families.
- Explains that the national alliance to end homelessness (naeh) created a federal policy design to aid the homeless and spread awareness of the situation.
- Opines that the san fernando valley should focus on permanent supportive housing for the homeless because this has the potential to make the valley flourish.
740 wordsRead More - Rent Control: Pros And Consopinion essayThose who argue in favor of rent control say that it is the only way to protect
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- Explains that apartments in certain areas of a city. the goal is usually to protect the rights.
- Opines that the moral side of rent will not increase as quickly as inflation.
- Explains that those who argue in favor of rent control say that it is the only way to protect.
- Explains that apartments in certain areas of a city. the goal is usually to protect the rights.
- Opines that the moral side of rent will not increase as quickly as inflation.
- Explains that those who argue in favor of rent control say that it is the only way to protect.
- Argues that rent control goals can be reached if they are achieved.
- Explains that landlords lose so much money that they are not able to even pay the debt.
- Opines that they are afraid to build any new buildings if in a few years those too will be taken.
- Opines that landlords will not be able to rent to tenants.
- Opines that rent control should be abandoned in new york for all of these reasons.
- Explains that new york's middle class can afford to live in them.
- Opines that focusing on improving the quality of a place, in the hope that the people who live there will benefit.
- Opines that a mixture of the two is the best way to solve the problems.
- Opines that the primary goal of the project is to improve the quality of life in its borders.
- Opines that those who rely on the support of their constituents to be elected are unlikely to get elected.
- Opines that they would want to spend tax money on training people when they cannot be sure.
- Opines that people with enough capital can make a difference in the quality of places.
- Opines that it is wise to look at the particular needs of the individual.
- Opines that a people approach may be the only way to improve the local economy.
- Opines that it is impossible to say that one or the other is best suited.
- Explains that when rent is set at a lower than normal level, an unsatisfied demand is created. this increases the cost of rents.
- Explains that place centered programs often do not help the areas that are in the most need of help.
1252 wordsRead More - The Ethics of Rent Controlopinion essayThe main problem rent control can create to landlords is the case of the tenant do not move out because of the good rental price. That causes the landlords to lose money by not being able to increase the rental price of their units. Besides, the price of maintenance continues to increase, causing landlords to not earn any profit with their ...
In this essay, the author
- Explains that moral principles govern a person's behavior or conduct of an activity. rent control is not unethical, but is controversial.
- Explains that rent control is a price ceiling imposed by the government, which affects the equilibrium of the market.
- Explains that rent control can cause landlords to lose money by not being able to increase the rental price of their units.
- Explains that moral principles govern a person's behavior or conduct of an activity. rent control is not unethical, but is controversial.
- Explains that rent control is a price ceiling imposed by the government, which affects the equilibrium of the market.
- Explains that rent control can cause landlords to lose money by not being able to increase the rental price of their units.
- Explains that rent control reduces the incentive of people to invest on building/buying apartment buildings because renting units is a business and when someone is in business they want to make maximum profit.
- Opines that rent control is to make rent more affordable for those who cannot afford paying rent. however, there is a very low supply for the high demand on rent controlled units.
- Explains that rent control does not help the economy or poor people who cannot afford living in certain areas because tenants who were lucky to rent a rent controlled apartment unit will be less likely to move out.
- Explains that rent control increases demand and can make property owners discriminate against potential tenants based on race, age, sex, sexual orientation, origin, etc.
- Explains that rent control ruins the house market because it reduces the quantity and quality of houses available and ends up only benefiting those who don't need.
- Opines that rent control apartment will continue to exist in cities that adopted the law like nyc and los angeles because it would eliminate those rich people who can afford the normal market price from paying a lower rental price.
- Concludes that rent control has more negative effects than positive because the problem is solved now, but in the long run landlords and the economy lose.
905 wordsRead More - Foreclosure Essayopinion essay...e that these three solutions can be a main source into helping those in need for desperate help financially. I also feel that these plans can be a major part in developing a better economy and society for the “slum” and middle class communities. It will uplift many neighborhoods and people and to show that we can do something about this problem. Instead of us sitting and looking at the problem getting worse, we have to attend to the problem at hand.
In this essay, the author
- Explains the definition of foreclosure and how it has impacted society. foreclosure has not only effected us financially, but also physically.
- Explains that foreclosure murder rates, homelessness, and vacant properties have increased dramatically this year alone. the financial crisis is affecting the health of the economy and is fueling in recession.
- Opines that the mortgage rates in america are threating the confidence of homeownership. they believe that foreclosure drains and disrupts a person's state of mind.
- Explains the definition of foreclosure and how it has impacted society. foreclosure has not only effected us financially, but also physically.
- Explains that foreclosure murder rates, homelessness, and vacant properties have increased dramatically this year alone. the financial crisis is affecting the health of the economy and is fueling in recession.
- Opines that the mortgage rates in america are threating the confidence of homeownership. they believe that foreclosure drains and disrupts a person's state of mind.
- Opines that foreclosure has doubled since the summer of 2009 and that it is the worst foreclosure crisis in american history.
- Opines that they are hurt to see how everyday families are getting evicted, payment statements, etc., and having enough courage to show this live on the news or internet.
- Explains that seeing other people's reactions towards foreclosure helps them develop a meaningful value of life and how to appreciate it everyday of their life.
- Explains the process of applying online to a 50 class size program by going to the website www.ownahome.com.
- Explains how to apply for the $20 2-6 week program. they explain that they will be given a letter within 2 business days to verify their application.
- Explains that the first week will teach you vital aspects of becoming a homeowner, the second week they will collect all recent information of your credit reports and previous home owing records. the third and fourth weeks will explain the importance of managing money and the secret to having excellent credit.
- Recommends the financially fit plan, which is a book on how to work your money and the means of learning to have money make money. the dvd bills to kill is talked and shared by dr. financial.
- Opines that this dvd can help a lot of people become debt free and have less calls from bill collectors harassing you and causing problems.
- Opines that the government should take control of this issue before it gets out of hand. they are positive that it can help make a dramatic change in our economy.
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