A rent ceiling is

Question

A rent ceiling is

Quizplus · Accepted Answer

Rent ceilings are typically implemented to help lower-income families afford housing, but they often have negative consequences for the overall housing market. Rent ceilings restrict the ability of landlords to charge market rates for their apartments, which in turn leads to a decrease in the quantity and quality of available rental units. This can ultimately harm both renters and landlords, because landlords may choose to convert their rental properties to other uses (such as condominiums) or simply stop maintaining them properly. Therefore, rent ceilings are generally seen as an unfair and ineffective policy solution.

A Rent Ceiling Is