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In: Economics

New York City started using rent control after WWII in an effort to create affordable housing....

New York City started using rent control after WWII in an effort to create affordable housing. New York City is known for high rents for everyone not receiving rent control, and for the small size of the majority of apartments. How has New York City’s policy of rent control created these conditions? Should cities institute rent controls to help lower-income households afford housing?

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