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June 9, 2015
No of pages / words:
3 / 676
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Washington, D.C. also has rent control.
Rent control first appeared in the United States in the early 1900s as a way of dealing with exorbitant rent prices brought about by wartime housing emergencies and tight housing markets. During this time, rent control was handled by the federal government. In the late 1940’s, the federal rent control system was gradually scaled back and eventually the determination of rent control was left to the individual states to decide...
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In the late 1940’s, the federal rent control system was gradually scaled back and eventually the determination of rent control was left to the individual states to decide. During this time, rent controls were phased out throughout the majority of the country except for New York.
Rent control is a form of “price ceiling” or a government imposed limit on how high a price can be charged on a product...
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