*** Welcome to piglix ***

Rent control in the United States


Rent control in the United States refers to laws or ordinances that set price controls on the renting of American residential housing. They function as a price ceiling.

In the United States during World War I, rents were "controlled" through a combination of public pressure and the efforts of local anti-rent-profiteering committees. Between 1919 and 1924, a number of cities and states adopted rent- and eviction-control laws. Modern rent controls were first adopted in response to WWII-era shortages, or following Richard Nixon's 1971 wage and price controls. They remain in effect or have been reintroduced in some cities with large tenant populations, such as New York City, San Francisco, Los Angeles, Washington, D.C., and Oakland, California. Many smaller communities also have rent control — notably the California cities of Santa Monica, Berkeley, and West Hollywood — along with many small towns in New Jersey. In recent years, rent control in some cities, such as Boston and Cambridge, Massachusetts, has been ended by state referenda.

New York State has had the longest history of rent controls, since 1943. (Although only 51 communities currently participate in the state's program, New York City is one of them, and contains the vast majority of units covered by that program.) The period has been marked by the lack of an "adequate supply of decent... housing". The worsening in the rental market led to the enactment of the Rent Stabilization Law of 1969, which aimed to help increase the number of places put up for rent. The current system is very complicated, which is especially troublesome as most of the protected renters are elderly.


...
Wikipedia

...