Some also included “vacancy decontrols,” allowing an apartment’s rent to return to market rates when it was vacated. The policies generally included exemptions for new development, and they allowed yearly rent increases. This second generation of laws was known as “rent stabilization.” They were meant to be more flexible than the earlier “rent control” laws. “You were basically faced with the threat of being priced out of the city,” said Keating, who worked on the campaign for rent regulation in Berkeley, Calif. The state of New York also updated its legislation. Tenants became an organized political force in California and New Jersey, where they convinced dozens of cities to enact rent regulations, as well as Massachusetts, Virginia, Florida and Washington, D.C. Those early limits were set “without any consideration for the landlords’ rate of return,” wrote the authors of a study in the Journal of Urban Affairs.Ī new wave of rent laws - known as the second generation - emerged in the late ‘60s and ‘70s. So I would agree that was not the best system,” Keating said. It was landlords petitioning for various increases. The law quickly led to a patchwork of rent levels for different buildings. Unlike more recent laws, it did not allow for automatic, regular rent increases. But one notable place, New York, passed its own law, setting strict limits on rent. “Landlords were told they must be patriots,” said Dennis Keating, professor emeritus of urban studies and law at Cleveland State University.įederal price restrictions ended in 1950. The first major rent control policies were instituted at the federal level during World War I and World War II, creating strict limits on rent and other costs as part of the war effort. Government involvement in rent has a century-long history in the U.S. Where else have rent regulations been tried?
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