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Property rights to rent regulated apartments: A path towards decontrol
Author(s) -
Wolkoff Michael J.
Publication year - 1990
Publication title -
journal of policy analysis and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.898
H-Index - 84
eISSN - 1520-6688
pISSN - 0276-8739
DOI - 10.2307/3325416
Subject(s) - path (computing) , property rights , property (philosophy) , business , economics , labour economics , microeconomics , computer science , computer network , philosophy , epistemology
Some communities have endured the consequences of rent regulations because of the political costs associated with contemplating decontrol. This article proposes a novel solution for decontrolling rental housing markets by establishing negotiable property rights to the ownership of rent‐regulated apartments. A market in property rights can protect existing tenants, satisfy landlord desires for deregulation, and provide a mechanism for raising revenues for an affordable housing fund.