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1950s Housing Market & Apartment Rent Control Price Ceilings

10 years ago405 views

Trailer: Ty E. Woods, the Director of the Office of Rent Stabilization, was the special guest on this episode of the Longines Chronoscope. Mr. Wood’s main objective of this appearance was to address the threats of new legislation in rent control laws. Nearly all big cities, including Chicago, St. Louis, Philadelphia, and San Francisco, could possibly lose their rent controls. The new legislation wants to decontrol everything but critical areas. Critical areas are areas that have substantial immigration of labor, defense or military activity, a housing shortage, or a heavy rise in rent. Mr. Woods is looking to defeat this bill because of the definition of the critical area. The apartment market has not been as generally successful as the housing market. Most builders and owners find it a lot easier and faster to make money in the housing market because one buys a house and moves in. However, the apartment market is not that fast and now the middle class apartment market is really hurting. See the full length at: