Author:
Publisher:
ISBN:
Category : Cost
Languages : en
Pages : 86
Book Description
Measuring the Costs and Benefits of Rent Control
Costs and Benefits of Rent Control
Author: Stephen Malpezzi
Publisher: World Bank Publications
ISBN:
Category : Housing
Languages : en
Pages : 146
Book Description
Over the past forty years, rent control has been a feature of housing in Ghana. This study focuses on the housing market in Kumasi, the second largest city in Ghana. The authors examine the characteristics of rent control in force there, and assess the costs and benefits of rent control, on landlords and tenants alike. These controls have been successful in ensuring that housing is very inexpensive for most households, in both absolute terms and in proportion of income devoted to rent. Because of these controls, landlords have been deprived of economic returns from their property. Therefore, they have tended to withdraw stock from renting to use for their own family members and to reduce maintenance. Rent control is not the only constraint on the housing market in Kumasi or in Ghana. This study also describes other supply side and regulatory constraints, including those affecting land, finance, and choice of building design and materials. A number of options for relaxation (decontrol) are studied with the aid of a simple present value model. Along with decontrol of new construction it is recommended that floating up and out of controls over a period of about 5 years, should be considered, along with policy changes to ensure ready supplies of land, finance, and building materials. Finally, building a political consensus behind decontrol is not independent of but is more important than the technical means chosen for decontrol or relaxation.
Publisher: World Bank Publications
ISBN:
Category : Housing
Languages : en
Pages : 146
Book Description
Over the past forty years, rent control has been a feature of housing in Ghana. This study focuses on the housing market in Kumasi, the second largest city in Ghana. The authors examine the characteristics of rent control in force there, and assess the costs and benefits of rent control, on landlords and tenants alike. These controls have been successful in ensuring that housing is very inexpensive for most households, in both absolute terms and in proportion of income devoted to rent. Because of these controls, landlords have been deprived of economic returns from their property. Therefore, they have tended to withdraw stock from renting to use for their own family members and to reduce maintenance. Rent control is not the only constraint on the housing market in Kumasi or in Ghana. This study also describes other supply side and regulatory constraints, including those affecting land, finance, and choice of building design and materials. A number of options for relaxation (decontrol) are studied with the aid of a simple present value model. Along with decontrol of new construction it is recommended that floating up and out of controls over a period of about 5 years, should be considered, along with policy changes to ensure ready supplies of land, finance, and building materials. Finally, building a political consensus behind decontrol is not independent of but is more important than the technical means chosen for decontrol or relaxation.
Measuring the Cost and Benefits of Rent Control
Rent Control, Myths & Realities
Author: Milton Friedman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 374
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 374
Book Description
Rent Control in Developing Countries
Author: Stephen Malpezzi
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 108
Book Description
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 108
Book Description
Residential Rent Controls
Analyzing Rent Control
Author: Michael P. Murray
Publisher:
ISBN:
Category : Rent control
Languages : en
Pages : 72
Book Description
Publisher:
ISBN:
Category : Rent control
Languages : en
Pages : 72
Book Description
Affordable Rental Housing: Making It Part of Europe’s Recovery
Author: Khalid ElFayoumi
Publisher: International Monetary Fund
ISBN: 151357020X
Category : Business & Economics
Languages : en
Pages : 97
Book Description
Many European economies have faced pressure from rental housing affordability that has widened social and economic divergence. While significant country and regional differences exist, this departmental paper finds that in many advanced European economies a large and rising share of low-income renters, the young, and those living in cities is overburdened. In several locations, middle-income groups also increasingly face rental affordability issues.
Publisher: International Monetary Fund
ISBN: 151357020X
Category : Business & Economics
Languages : en
Pages : 97
Book Description
Many European economies have faced pressure from rental housing affordability that has widened social and economic divergence. While significant country and regional differences exist, this departmental paper finds that in many advanced European economies a large and rising share of low-income renters, the young, and those living in cities is overburdened. In several locations, middle-income groups also increasingly face rental affordability issues.
Questions and Answers on Federal Rent Control
Author: United States. Office of Price Administration
Publisher:
ISBN:
Category : Rent control
Languages : en
Pages : 16
Book Description
Publisher:
ISBN:
Category : Rent control
Languages : en
Pages : 16
Book Description
Question and Answers on Federal Rent Control
Author: United States. Price Administration Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
Book Description