5.2 - Rent Control
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5:34
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nice video, but your arguments are sometimes weak. for instance, the distance between c-d is chosen totally random (07.30). the fact that you assume consumers are worse of then renters is because you chosen distance c-d totally arbitrarily, this distance could have been anything else aswell, meaning that the decrease in value could be less than the decrease in rent, which would lead to a positive situation.
frenkydee 6 months ago
@yoquieroseramada wrong, move to a city with affordable housing....
soliloqy 1 year ago
tell the goverment to stop the increase of rent in New York city . this is abusive already landlord take advanteges day by day...where we are going to live under a bridge? i live it as homework!
yoquieroseramada 1 year ago
This video tells alot about rent controll as it applies to apartments. It would be interesting to know this guy view on how it applies to mobil home owners and mobil home park owners. When you throw in that third factor of land owners verses home owners it gets little bit more tricky. But however from how I seen it, rent controll is nothing more then a political football that gets tossed around at every election and order for some politicians to win over the votes of a particular voter class.
ericlebo 2 years ago
Well... most neoclassical economists are rather statist, Prof. McKenzie is probably an exception.
As for rent control. i heard an expression that there are as many economists that support rent control as there are economists that openly support mercantilism.
LiberalofLiberty 2 years ago
This video is somewhat subterfuge; he shows a decent example for a price ceiling and that is does in fact create a shortage. However, when it comes to his second example, he fails to acknowledge that it's called a price floor, which creates a surplus in supply of apartments (unless apartments are inelastic like New york) that benefits the landlords, but does not bring any utility to those individuals seeking an apartment. He uses that vague term increased maintenance; what folly!
seon257 2 years ago
This video helped me a lot, as many of them have in sort of summing up what I've already learned. However, what you explain here seems sound, but very opinionated. Is there an opposite argument to this?
Flyingace16021 2 years ago
he gave a bad example
youssefmaksour 3 years ago
This comment has received too many negative votes show
The assumption of improvements with increased rent is false. Absolute shitholes are rented at a high rate all the time. He is talking out of his ass.
gaicho2 3 years ago
hopefully this video will help me with my up comming test
dazedteg1 3 years ago