Wednesday, November 30, 2011

11/30

Rent (what we pay to have something temporarily) is not the same as Rent (What you get that you haven't earner)
A binding ceiling is one which is below the equilibrium, only at this point does it have a real effect on the market
Rent control actually hurts the buyers more than the sellers (the price is lower, so fewer people will be willing to rent, fewer places for people to live)

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