Definition of rent control in English:
Government control and regulation of the amounts charged for rented housing.
- It is noteworthy that there are no slums in Kathmandu, Nepal, although the per capita income there is much lower than in Delhi, simply because there is no rent control and landlords have an incentive to invest in housing.
- It is easy to understand why those participants would be interested in pursuing other contractual formats to allow them to exploit the gains from trade that rent control otherwise would prevent them from exploiting.
- Think New York with stupider money and no rent control.