When rent control laws have vacancy decontrol-recontrol provisions new tenants may offset lower future rent by paying higher current rent. Also when tenants compete for scarce apartments, those with longer durations will predominate rental sectors that are controlled. New York City's rent...

In 1978, the voters of California cut the property tax paid by home owners whenthey passed Proposition 13. However, home owners lose much of this tax savings if they sell their homes and buy others, because, under Proposition 13, recently purchased property is assessed at a higher rate. This may...