Sample Essay on:
Rent Control: Impact Upon The Economy

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Essay / Research Paper Abstract

3 pages in length. Obtaining - and keeping - affordable housing within one's budget is one of contemporary society's most painful problems. The extent to which rent control has provided many the opportunity to find suitable housing where they otherwise would not is both grand and far-reaching; that the very aspect of rent control represents a dichotomy of tremendous proportions: It is a godsend for low-income people while at the same time a financial disaster for property owners locked into artificially low rents. One of the hardest hit populations where rent control - and its ultimate deregulation - is concerned is that of the homeless. Bibliography lists 5 sources.

Page Count:

3 pages (~225 words per page)

File: LM1_TLCRentCntrl.rtf

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Unformatted sample text from the term paper:

housing where they otherwise would not is both grand and far-reaching; that the very aspect of rent control represents a dichotomy of tremendous proportions: It is a godsend for low-income people while at the same time a financial disaster for property owners locked into artificially low rents. One of the hardest hit populations where rent control - and its ultimate deregulation - is concerned is that of the homeless. Canada, like virtually every other global society, must grapple with a growing population of homeless people. While this has been a long-standing social issue for Canadians, it has quite recently escalated at such an alarming rate that government officials are being asked to answer for this present upsurge. The general consensus between and among economists seems to squarely place the blame on significant cuts to Canadas governmental spending, with a number of specific factors each working synergistically together in order to worsen the situation that much more. * Subsidized housing cuts * Removal of rent control * Welfare cuts * Intergovernmental conflicti Once the social housing field was discarded, critics contend that Torontos homeless population "became much more visible."ii According to Colin Vaughan, a reporter on politics and urban affairs for Torontos CITY-TV, social housing funding was cut off in 1993 under Jean Chr?tiens federal government; as well, Mike Harriss Progressive Conservative Party did the same thing to Ontario in 1995. Indeed, affordable housing was the saving grace for many homeless up until that point, inasmuch as Toronto was able to build an average of twenty-one hundred units each year. The cyclical nature of this program allowed for those waitlisted for housing could gain access much faster as those who moved into affordable housing made ...

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