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Rent regulation: Difference between revisions
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*Autor, D.H. , and C J Palmer, P A Pathak [2014]. "[https://doi.org/10.1086/675536 Housing Market Spillovers: Evidence from the End of Rent Control in Cambridge, Massachusetts]." Journal of Political Economy, volume 122, p. 661-717. June 2014<br/> [https://doi.org/10.1086/675536. https://doi.org/10.1086/675536. ]<br/>
*Barton, Stephen. "[http://dollarsandsense.org/archives/2019/0119barton.html The Economics of Residential Rent Control]." Dollars and Sense, Jan/Feb 2019. [http://dollarsandsense.org/archives/2019/0119barton.html http://dollarsandsense.org/archives/2019/0119barton.html].<br/>
*Chew, Amee, and Sarah Treuhaft. "Our Homes, Our Future: How Rent Control Can Build Stable, Healthy Communities." PolicyLink, February 2019. [https://www.policylink.org/resources-tools/our-homes-our-future. https://www.policylink.org/resources-tools/our-homes-our-future. ]<br/> <br/> ''"Multiple longitudinal studies of rent control in New Jersey have found no discernible impact on construction rates.<sup>(73)</sup> After the repeal of rent control in Boston, construction rates decreased for multifamily buildings, even as rents nearly doubled in eight years.<sup>(74)</sup>''<br/> <br/> ''<sup>(73)</sup>"As have studies in the Bay Area, Berkeley, Los Angeles, Washington DC, and elsewhere. ''<br/> ''Ambrosius et al., “Forty Years of Rent Control”; ''<br/> ''Gilderbloom and Ye, “Thirty Years of Rent Control”; ''<br/> ''Gilderbloom, “Moderate Rent Control”; ''<br/> ''Zuk, “Rent Control: The Key to Neighborhood Stabilization?”; ''<br/> ''Planning & Development Department, “Rent Control in the City of Berkeley, 1978 to 1994”; ''<br/> ''Baar, Burns, and Flaming, “San Jose ARO Study,” 177; ''<br/> ''Keating, Teitz, and Skaburskis, eds., Rent Control.
*Diamond, Rebecca, Tim McQuade, & Franklin Qian (2017). “[http://conference.nber.org/confer//2017/PEf17/Diamond_McQuade_Qian.pdf The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco].”
**26 September, 2017 version. [https://drive.google.com/open?id=1zjClPSHvzBx7LpSaD56I8FdWuFiXrdRq PDF].
**11 October, 2017. NBER working paper. [http://conference.nber.org/confer//2017/PEf17/Diamond_McQuade_Qian.pdf http://conference.nber.org/confer//2017/PEf17/Diamond_McQuade_Qian.pdf].
**29 November 2017 version. [https://drive.google.com/open?id=13pzS8XOAHXgvWdT6ddeoFy123Y_hoJ4y PDF]. <br/>
*Early, Dirk, and Jon Phelps (1999). "Rent Regulations' Pricing Effect in the Uncontrolled Sector: An Empirical Investigation." Journal of Housing Research: 1999, Vol. 10, No. 2, pp. 267-285. DOI: 10.5555/jhor.10.2.j11873517nq95773. <br/>
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*Legislative Analysts Office (California). [http://www.lao.ca.gov/ballot/2017/170629.pdf Review of proposed statutory initiative pertaining to rent control (A.G. File No. 17-0041)]. 12 Dec 2017. [http://www.lao.ca.gov/ballot/2017/170629.pdf http://www.lao.ca.gov/ballot/2017/170629.pdf].<br/>
*McFarlane, Alastair. “Rent stabilization and the long-run supply of housing.” Regional Science and Urban Economics, Volume 33, Issue 3, May 2003, Pages 305-333. DOI: 10.1016/S0166-0462(02)00031-5<br/> [https://doi.org/10.1016/S0166-0462(02)00031-5 https://doi.org/10.1016/S0166-0462(02)00031-5].<br/> ''"Abstract: <br/> This paper examines the impact of moderate rent controls on the construction and replacement of urban housing. It studies a common form of rent regulation that limits rent growth to below-market increases but permits landlords to set the base rent at free market levels and allows them to re-set rents when the incumbent tenant vacates, after which rents are re-controlled (‘vacancy decontrol–recontrol’). '''One of the primary insights is that neither the timing nor the density of construction is affected by rent stabilization when base rents are perfectly flexible. Allowing landlords to set the initial contract rent lets them capture the benefits to the renter of rent stabilization. Perfect capitalization of rent stabilization into a higher base rent provides the landlord with a free market rate of return and thus does not distort development activity.''' However, redevelopment of land will be hastened because rent stabilization complemented by vacancy decontrol–recontrol increases the difference between rents before and after redevelopment, increasing the opportunity costs of postponing redevelopment. Extensions include an analysis of other common rent regulations and the impact of rent stabilization on the urban rent gradient."''<br/>
*Montojo, Nicole, Stephen Barton, and Eli Moore, “Opening the Door for Rent Control: Toward a Comprehensive Approach to Protecting California’s Renters,” (Haas Institute for a Fair and Inclusive Society, 2018). <br/> [https://haasinstitute.berkeley.edu/opening-door-rent-control https://haasinstitute.berkeley.edu/opening-door-rent-control].<br/> ''"numerous empirical studies, as well as housing production trends in cities with rent control, show no negative effect on housing production." <sup>(111)(112)</sup>.'' ▼
▲Montojo, Nicole, Stephen Barton, and Eli Moore, “Opening the Door for Rent Control: Toward a Comprehensive Approach to Protecting California’s Renters,” (Haas Institute for a Fair and Inclusive Society, 2018). <br/> [https://haasinstitute.berkeley.edu/opening-door-rent-control https://haasinstitute.berkeley.edu/opening-door-rent-control].
''<sup>111</sup> Zuk, Miriam (September 2015). “Rent Control: The Key to Neighborhood Stabilization?” Accessed at [https://haasinstitute https://haasinstitute]. berkeley.edu/rent-control-key-neighborhood-stabilization.<br/> <sup>112</sup> Arnott, Richard (1995). “Time for Revisionism on Rent Control?” The Journal of Economic Perspectives 9(1), pp. 99–120. <br/> <br/> Ambrosius, Joshua D. et al. “Forty years of rent control: Reexamining New Jersey’s moderate local policies after the great recession,” Cities, 49, pp. 121–133. ''
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''Ken Baar, “Facts and Fallacies in the Rental Housing Market”, Western City, Sept. 1986, 49 - 50. as cited by Abood, Maya, Vanessa Carter, and Manuel Pastor (forthcoming) “Rent Regulations: A Literature Summary”. USC Program for Environmental and Regional Equity.<br/> [apparently not available online]. ''
*National Multifamily Housing Council. "[https://www.nmhc.org/news/articles/the-high-cost-of-rent-control The High Cost of Rent Control]." [undated]. [https://www.nmhc.org/news/articles/the-high-cost-of-rent-control/. https://www.nmhc.org/news/articles/the-high-cost-of-rent-control/. ] ▼
▲National Multifamily Housing Council. "[https://www.nmhc.org/news/articles/the-high-cost-of-rent-control The High Cost of Rent Control]." [undated]. [https://www.nmhc.org/news/articles/the-high-cost-of-rent-control/. https://www.nmhc.org/news/articles/the-high-cost-of-rent-control/. ]
''"Inhibition of New Construction:<br/> "By forcing rents below the market price, rent control reduces the profitability of rental housing, directing investment capital out of the rental market and into other more profitable markets. Construction declines and existing rental housing is converted to other uses.''
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