The Association believes the decades-old policy to exempt new rental housing from local rent controls
has been essential to the economic development of northern New Jersey in partciular.
The unforeseen consequences of rent controls
are enormous, as seen in New York for decades.
, seen by many economists as old-fashioned, has recently made a surprising comeback in one group of high-growth, dynamic economies - the Gulf.
Currently, rent control
applies only to buildings constructed before 1979.
Since rent controls
were imposed in Winnipeg in the early seventies," Owens comments, "there hasn't been one new unit of multiple-housing built with private money.
Instead of blaming rent control
regulations for the rise in homelessness, why not blame the banks for refusing to invest in low profit areas?
have been hotly debated for more than fifty years.
Many cities kept rent controls
, eventually making them permanent, after wage and price regulations expired.
One reason, suggests a recent Manhattan Institute study by Henry Pollakowski of MIT's Center for Real Estate, is that few beneficiaries of rent control
The first questions asked by liberals then, should be, are rent controls
Gil Cedillo (D-Los Angeles) is pursuing legislation that would expand the ability of cities and counties to impose rent control
and effectively stop construction of urgently needed new housing.
The New Jersey Apartment Association has slammed as "reckless" a Bill to allow rent control
on senior housing.