There is a reason for everything, and if there is no reason to do something, most people will not do it. For example, if there is no incentive to motivate landlords to upkeep their property and make it the best it can be, they will left their properties at the lowest manageable state they can get away. Rent ceiling laws are an example of how lack of motivation and incentives can discourage people from making sure their best work and resources go into their product or whatever they are doing. These laws impose limitations on the amount landlords can charge their tenants for staying in their properties. This causes the landlords to lose the amount of money they should have made on their property, and the landlords will not be motivated to
Claim 1: The lack of affordable housing in our state puts a severe financial burden on those who earn the least in California.
Echo Park, one of Los Angeles’s most well-known neighborhoods, was once associated with gang violence in the 80’s and 90’s. The crime rate in the area was to the point that many people would not dare being caught walking out after dark. Nowadays, people do not fear walking in the streets of Echo Park after dark. This new sense of safety in Echo park can be contributed to its nightlife scene characterized by Indie music venues and trendy bars. You may ask yourself how this change came about? The answer is gentrification. Gentrification is the restoration or improvement of run-down urban areas by the middle class to accommodate their way of life. Gentrification is prevalent all across the United States in cities such as Portland, Seattle,
Gentrification was something I was experiencing it first hand without noticing for years and when I did realizing it I believe that gentrification is considered a positive change from a concrete perspective and it may be very difficult and unacceptable for many local people to sacrifice the culture they have valued and built over many generations. In other words, gentrification is a “just” process and although there are sacrifices that comes along with the process to improve the city or a district, it will eventually happen over the course of time for economical and social benefits in a big picture. For example, the city of belmont has been recorded as one of the gentrified areas in the San Francisco Bay Area by Urban Displacement Map and
There are several forms of rent control, however they all take the shape of legally imposed below-market rates for rental housing. Most rental ceilings came into being at the end of World War II (1939-1945) to help mitigate expected disruptions in the rental housing market due to the demand shock of veterans returning from overseas service in the war. (Rent Controls, 2008) Rent control can still be seen in larger municipalities, such as New York City, to make housing more affordable for low-income tenants. In the short run, the supply for apartments is inelastic and the quantity of buildings already supplied is constant. Rent control, in the long run, reduces the availability of apartments subsequently causing suppliers not to build more apartments due to not being able to make a profit from their rentals. Shortages of rental homes can lead landlords to discriminate against renters and even demand for renters to pay extra monthly payments under the table. Rent control deters new investments that would have gone to rental housing and has validated that it leads to housing deterioration, fewer repairs, and less maintenance. For In a 1990 poll of 464 economists published in the May 1992 issue of the American Economic Review, 93 percent of U.S. respondents agreed, either completely or with provisos, that “a ceiling on rents reduces the quantity and quality of housing
In the book, Nickel and Dimed, Barbara Ehrenreich mentions the problem of rents is the market. When the market fails to provide necessary goods, such as affordable housing, we expect the government to step in and help. We decide to believe this, because, in the case of health care, the government offers Medicare to the elderly, Medicare to the poor, and many state programs to poor children. But, with housing, radical increases of the rental market has been followed by a retreat of the public sector.
Rent control refers to laws that limit the amounts of rent and the amounts that rent can be increased in any year. There is no statewide rent control in the US, and all the rent control laws and regulation are passed by cities. Most of the cities with rent control are located in New York, California, and New Jersey. Washington, D.C. also has rent control.
In the article “New York Passes Rent Rules to Blunt Gentrification,” explains how gentrification in neighbors is affected the society and if we don't do something about it, it will keep having an affect on these people. Beginning to develop low-cost rental is definitely a start to help improve New York City and will be much more affordable for
The cutting of funding for housing services has resulted in less housing stability for individuals and families while putting families at risk to face poverty and homelessness. The government and housing providers are no longer making the needs of individuals and families a priority or even attempt to address the housing needs and challenges these individuals face. Instead, the government, market housing owners, and management have been tearing down housing complexes and replacing them with condominiums, rather than investing in repairs, renovations, and restructuring of the housing properties.
“The impacts of the gentrification movement can be tied to systemic racism both directly and indirectly, i.e. it targets certain racial neighborhoods deliberately, and it also targets them because minorities make up the majority of the working class. Further, the reality provides a clear argument against the “mutually beneficial” argument due to the fact that it is notably detrimental to specific groups of people.” This sentence pulled from Jonathan Frett’s online article “Gentrification: The truth behind Urban development, its systemic racism, and the resistance” Shows that often times the deeper meaning to Gentrification is often racism.
New York City is one of the places that has rent stabilization. If you were a middle class working individual looking for a place to live it might be more difficult than you would have thought. The rent control policy in simple terms is that the government has set limits on how much a landlord can charge for rent. This policy was intended to lower prices and balance out the control between residents and landlords so that tenants with lower wages can housing. Although this policy does have positive aspects, there are many unintended consequences as a result. Since there is a control on how much a landlord will charge, many of these rentals have lower-quality living conditions. There is also a problem with availability because many rentals already