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Rent Control

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Questions and Answers

According to the German rent control study, what was the maximum percentage that rent could be higher than local comparative rent?

20%

15%

10% (correct)

What was the average decrease in rent during the first year of rent control in Germany?

5%-9% (correct)

1%-4%

10%-14%

15%-19%

According to the German rent control study, what happened to rental prices after the first year of implementation?

Rental prices remained the same

Rental prices continued to decrease

Rental prices fluctuated

Rental prices increased (correct)

Who did the rent control in Germany disproportionally help, contrary to its original aim?

High-income households Signup and view all the answers

What happened to the quality of dwellings as a result of rent control in Germany?

The quality diminished Signup and view all the answers

Who were the most likely beneficiaries of rent control in St Paul, Minnesota?

White renters and wealthy tenants Signup and view all the answers

What happened to property values after the implementation of rent control in St Paul, Minnesota?

Property values fell by 6%-7% Signup and view all the answers

Who lost the most compared to other property owners after the implementation of rent control in St Paul, Minnesota?

Property owners who are minorities and lower incomes Signup and view all the answers

What was the extent of wealth transfer from high-earning property owners to lower earning renters in St Paul, Minnesota?

Wealth transfer close to zero Signup and view all the answers