The city of Mumbai in India imposed rent controls on apartments in 1947. Despite inflation and changes
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The city of Mumbai in India imposed rent controls on apartments in 1947. Despite inflation and changes in land value, allowable rents have hardly increased since that time! Use what you know about rent controls to speculate about the quality of rent-controlled buildings in Mumbai.
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Rents in Mumbai are far below market levels Millions of people ...View the full answer
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Anum Naz
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