Rents are paid by the consumers for using real estate properties or houses to the owners for a temporary span of time. The regulation of rent helps to lower volatility in its monetary value in the market. Rent…
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Rent controlling rules are imposed in agricultural, business and housing tenancies (Block, 2008). This research report focuses on rent control system of the United States of America (U.S.A.) and tries to analyse its impact on the economy.
Rent control regulations in the U.S.A. were imposed by the local public pressures and anti-profiteering committees during World War I. Later on, during the World War II, new regulations of rent control were introduced in the country. New York City is known to have the longest history of rent control regulations since 1943. The Rent Stabilization Law of 1969 was introduced in New York for ensuring adequate supply of rented houses (Block, 2008). Over time, the rent control system of the U.S.A. has become more complicated. A majority of elderly, protected renters and lawyers faces great trouble in understanding the existing, complicated system of rent control (Block, 2008).
The research work of the paper was based on inductive research approach, according to which relevant data and information were collected before the analysis and evaluation process. The data and information used in the research paper were gathered from authentic secondary sources, such as, national newspapers, scholarly articles, books, journals and government published websites. The entire research data was collected on longitudinal basis. This implies that analysis included both time and cost dimensions. The research work could be completed in less time at a lesser cost only with the use of secondary data resources. These articles and data sources provided useful information about advantages and disadvantages generated by the rent control system in context of New York City. An argumentative analysis on rationality of the regulation was also performed based on information collected from the valuable data sources (Block, 2008).
In New York, it is often found that the charges for certain rent
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Of course, New York’s relationship with the death penalty cannot, be viewed in isolation from America’s history with capital punishment, as this has undoubtedly had a large impact on New York’s attitudes towards the penalty. Death Penalty: A History The colonization of the America’s by the European’s brought with it the death penalty.
This particular study focuses on the pathway of the states of New York alongside Pennsylvania in the writing of parametric policies that will regulate the oil-drilling operations and at the same time to protect the public safety by ensuring prevention of contaminating the water supplies and precluding some other side effects of Hydraulic Fracturing from taking place.
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Rent control has resulted in a shortage of housing, sub-standard units, and artificially high rents for available housing. Housing is often hoarded long after the tenant's realistic use has passed causing an abnormal distribution of an already scarce supply.
The original settlement of New York City was by Dutch traders. They established it as a trade center in 1624. At this time it was called New Amsterdam. When the British took over nearly fifty years later, they changed the name to New York (U.S.
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