Question
1. What determines the size of the key-money payments that landlords demand (and tenants offer) for the right to rent a controlled apartment?
2. Who, other than the owners of rental units, loses as a result of rent controls? Who gains from rent controls? What effect would the imposition of rent controls have on the market price of an existing single-family house? What effect would rent controls have on the value of vacant land?
Last two questions on my Economics homework, please help? Thank you in advance!!
2. Who, other than the owners of rental units, loses as a result of rent controls? Who gains from rent controls? What effect would the imposition of rent controls have on the market price of an existing single-family house? What effect would rent controls have on the value of vacant land?
Last two questions on my Economics homework, please help? Thank you in advance!!