Respuesta :
when a tenant in a rent-controlled apartment sublets the apartment to another renter at a rent higher than the price ceiling there is an increase in quantity supplied.
This is because renting out an apartment without the owner's permission is illegal, and even if it were, it would still be unlawful to charge a rent that is more than the maximum allowed. Therefore, a black market is where the transaction must happen.
Rent Control: What Is It?
A landlord is only permitted to charge a certain price for renting a property or renewing a lease under a government policy called rent control. Municipalities typically pass rent control legislation, although the specifics might differ greatly. All are designed to keep housing expenses within the reach of those with modest incomes.
In the US, rent regulation is not very common. In the United States, 182 towns have rent control laws, and all of them are in New York, New Jersey, California, Maryland, or Washington, D.C., according to a 2019 Urban Institute research.
As of February 2022, legislation in 31 states prevent or forbid local governments from establishing rent control measures.
Nevertheless, the problem of rent control has returned in recent years, especially in areas and localities where rising living expenses and stagnating earnings have made homes unaffordable for those with intermediate salaries and the elderly on fixed incomes.
The nation's first statewide rent control law was passed by Oregon. The rule, which went into effect in March 2019, caps yearly rent increases at 7% plus the CPI.
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