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Urban areas confront a chronic shortage of housing, especially in the low-rent segment. This precarious situation is … demand, or pandemics cutting incomes. In response, the authorities implement rent control that slows rent increases or even … freezes rents. Rent control is ubiquitous, widely used at a large scale since World War I. However, its roots lie in a far …
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This study investigates the effects of short-lived rent control regulations introduced in Catalonia in September 2020 … January 2017 and May 2022, we analyze the dynamics of prices and supply for dwellings offered for rent and for sale. We also … examine separately the rental and sales markets. We find that the introduction of rent control led to a reduction in rents in …
Persistent link: https://www.econbiz.de/10013268378
Rent control is a highly debated social policy that has been omnipresent since World War I. Since the 2010s, it is … solution, directing their attention to controling housing rents and other restrictive policies. Is rent control useful or does … it create more damage than utility? To answer this question, we need to identify the effects of rent control. This study …
Persistent link: https://www.econbiz.de/10013461194
liberalization effects of rent and credit regulation as well as homeownership and austerity policies. Drawing on a long-run time … narrative approach. Estimating logit models, we find that tighter rent and credit controls make bubbles less likely to emerge by … bubbles. The paper illustrates the logic of rent, credit, homeownership and austerity effects with two case studies. …
Persistent link: https://www.econbiz.de/10014438445
>g), taxation policies, or “great levelers,” like catastrophes. This paper argues that housing policy, in particular rent control …, is a neglected explanatory factor in understanding overall inequality. We hypothesize that rent control could decrease … tenants. Using original long-run data for up to 16 countries (1900-2016), we show that rent controls lowered wealth …
Persistent link: https://www.econbiz.de/10012426512
In 2020, Berlin enacted a rigorous rent-control policy: the “Mietendeckel” (rent freeze), aiming to stop rapidly …-side effects. Using a rich pool of rent advertisements reporting asking rents and comprehensive dwelling characteristics, we …
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