word you are trying to pass laws to help that 99%. More especially passing the Rent Regulation Laws of 2015 which will save hundreds of renters, but only solve the issue for the next four years. Also inclusionary zoning, where you give Developers tax breaks for just 20% of their apartments to be affordable rent. But who is it affordable for? The average household income in New York City where the rent is changing the most don’t make enough for the new affordable rent which is about 2700 a month.
you describe the “laws of the market”? Adam smith is one of the powerful influence minds in the world economic history. His explanation and finding of the economic topics on the book “Wealth of Nations” are considered as the foundation of economic. One of Smith’s outstanding findings is laws of market. These rules, according to Heilbronn (1999:55) are “basically simple”, while Rüstow(1942) citied by Seele and Zapt (2015:10) claims that Adam Smith illuminated rationally about laws of market which
person to rent a property, such a house for a given period. While this might seem to be a simple process, it should be understood that any time a tenant enters into a deal with the landlord, there is always a set of laws and regulations that define their tenant-landlord relationship. The tenant-landlord rights, obligations and responsibilities are outlined in landlord and tenant law, whereby every important aspect of the tenancy agreement is stated. This paper will focus on a case law study of Larry
felt the rental properties with poor maintenance were an eye sore that was decreasing their properties values. However, multiple landlords have voiced their concerns stating some maintenance problems are caused by the tenants. The purpose of the regulation is to hold landlords and apartment managers responsible for the poor quality living some tenants are experiencing. For example, there are multiple rental homes that had exposed electrical wires, multiple holes in the walls that haven’t been patched
large industrial monopolies in the commodities sector. Woodrow Wilson campaigned upon strengthening antitrust law and won that election, later passing the Clayton Act and the FTC Act. Antitrust laws establish how the government interacts with monopolies, not entirely outlawing them, but rather, intervening when they prevent competition from entering the market (Ammori, 2012). These regulations give the U.S. Government a kind of “veto” power over corporate mergers and acquisitions, permitting officials
homeowners as Airbnb hosts, rental prices have surged dramatically (Booth, K., 2015). It has also been touted that Airbnb gives way for ‘illegal hotels’ that reduce availability of long-term flat rentals, particularly for low-income tenants (Masnick, M., 2013). This means more people are struggling to find decent housing and have to settle for properties that have safety hazards or poor rent security for an affordable rent. An expected outcome is an increase in urban homelessness. For big cities like
United States to provide affordable rent and flexible accommodations to fit participant need. The U.S. Department of Housing and Urban Development, often called Department of Housing and Urban Development or HUD for short, offer three types of rental assistance programs that include privately owned subsidized housing, public housing, and the Housing Choice Voucher Program. “Privately owned subsidized housing is a program in which apartment owners offer reduced rents to low-income tenants with the help
items, share their knowledge, experience, or to raise funds for the Enterprise or an innovation project (Hartl, Hofmann & Kirchler, 2015). This gives consumer opportunities to use other’s property to make idle assets more productive. Moreover, the range of options for consumers is much wider and flexible. Price and Convenience The PwC survey (cited as Knowledge@Wharton, 2015) states that over 85% support that the sharing companies provide consumers affordable prices and bring them conveniences which
4%’ extracted from The National (Barnard, 2014). Three major microeconomic concepts would be used to analyze the article, which are demand, the law of demand for complements and elasticity’s. The article talks about the rise in the profit of Aramex due to increase in online shopping. This article is a clear example of demand of complementary goods. The law of demand for complementary goods states that if the demand for one complement increases it leads to an increase in the demand of the other. Online
provides an internet platform for people to list, find, and rent lodging. It was founded in August 2008 and headquartered in San Francisco, California. As of now, it operates in over 34,000 cities and 190 countries worldwide. There are about 20 million users sign up for Airbnb. It runs on a marketplace platform model where it connects the hosts and travelers together without owning any rooms itself. Individuals can make a post on its website to rent out their homes, rooms, or apartments to visitors to stay