Ceilings & Floors: When Prices Can’t Find Their True Level
Student Worksheet
By 2022, apartments under Metroville's rent cap showed leaky roofs, outdated heating, and pest problems as maintenance money gets redirected elsewhere, and the citywide vacancy rate fell from 5% to 2%. New apartment construction dropped 20% as builders moved projects to neighboring towns, while the controlled-unit stock itself shrank 15% within the first year of the 10% cap.
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