A columnist writing for crainsnewyork.com observes that the central conclusion of the vast majority of economic work
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A columnist writing for crainsnewyork.com observes that “the central conclusion of the vast majority of economic work on the subject is that rent regulation leads to a deterioration of housing stock.” What does the columnist mean by “deterioration of the housing stock”? Why might rent control result in this outcome?
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In the context of the columnists statement deterioration of the housing stock refers to the decline in the quality and maintenance of rental propertie...View the full answer
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