|
|
Article: Rent control drives out affordable housing.
- Article from:
- USA TODAY
- Article date:
- July 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Society for the Advancement of Education. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Classified ads in rent-controlled cities show that very few moderately priced apartments are actually available. Yet, in cities without controls, such units are universally on the market.
Rent control has been in force in a number of major American cities for many decades. The best-known example is New York, which retains rent controls from the temporary wartime price regulations imposed during World War II.
In the 1970s, it appeared that rent control might be the wave of the future. Boston and several surrounding suburbs imposed it during the inflationary years of 1969-71. Pres. Richard Nixon placed wage and price controls on the entire country in 1971, ...