The Government Against the Economy by George Reisman
Author:George Reisman
Language: eng
Format: mobi, epub, pdf
Tags: Biographies & Primers, Theory, Economics, Business & Investing, Policy & Current Events, Free Enterprise
ISBN: 1931089299
Publisher: TJS Books, Laguna Hills, California
Published: 2012-08-19T22:00:00+00:00
How Repeal of Rent Controls Would Restore Harmony Between Landlords and Tenants
The hatred between landlords and tenants would disappear in a rental market that was free of controls. Such a market would restore economic power to the tenants: it would give tenants the power to make landlords serve them out of self-interest.
Consider how a free market would bring this about.
The first effect of the establishment of a free rental market would be a jump in the previously controlled rents. This jump in rents would eliminate the shortage of rental housing. Immediately, even before any increase in the supply of rental housing could occur, the rise in rents would level the quantity of living space demanded down to equality with the limited supply that exists. In fact, the quantity of living space demanded would be reduced to a point somewhat below the supply that exists: landlords would have some vacancies on their hands at free-market rents. Precisely these vacancies are what would restore to tenants their economic power over landlords. At free-market rents, each tenant would be able to choose from a large number of apartments available in his price range. If he did not like the service his present landlord gave him, he would simply move when his lease expired. He would not be in the position of having to regard his present apartment as the only one in the world, and feel obliged to stay no matter how bad conditions in it became. By the same token, his landlord would no longer be able to count on easily replacing him. At free-market rents, his landlord would not have a waiting list of potential tenants, but vacancies on his hands. If he were to act in such a way as to make too many tenants move, he would either be unable to replace those tenants or he would have to reduce his rents below the general market in order to attract replacements. In this way, a landlord who did not satisfy his tenants would suffer financial loss. The landlord’s self-interest would once again make him want to gain and keep tenants. Landlords would once again begin to compete with each other in terms of improved quality and service. They would have to, because they would need tenants once again, while tenants would no longer need any particular one of them.
Download
The Government Against the Economy by George Reisman.epub
The Government Against the Economy by George Reisman.pdf
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.
International Integration of the Brazilian Economy by Elias C. Grivoyannis(71558)
The Radium Girls by Kate Moore(11585)
Turbulence by E. J. Noyes(7677)
Nudge - Improving Decisions about Health, Wealth, and Happiness by Thaler Sunstein(7210)
The Black Swan by Nassim Nicholas Taleb(6732)
Rich Dad Poor Dad by Robert T. Kiyosaki(6140)
Pioneering Portfolio Management by David F. Swensen(6051)
Man-made Catastrophes and Risk Information Concealment by Dmitry Chernov & Didier Sornette(5614)
Zero to One by Peter Thiel(5463)
Secrecy World by Jake Bernstein(4355)
Millionaire: The Philanderer, Gambler, and Duelist Who Invented Modern Finance by Janet Gleeson(4062)
The Age of Surveillance Capitalism by Shoshana Zuboff(3964)
Skin in the Game by Nassim Nicholas Taleb(3951)
The Money Culture by Michael Lewis(3816)
Bullshit Jobs by David Graeber(3801)
Skin in the Game: Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb(3707)
The Dhandho Investor by Mohnish Pabrai(3542)
The Wisdom of Finance by Mihir Desai(3504)
Blockchain Basics by Daniel Drescher(3308)
