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If you look at any city or region, you will notice that people of different economic groups flock together. real estate is more expensive in more desirable areas. Rent is cheaper in less desirable areas. Rent in any given area is set to what the market will bear.
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Government may hold down the price of apartments with?
rent control
What is the difference between property to rent and flats to rent?
Generally, the phrase "property to rent" refers to any of a number of rental property types, such as apartments, houses, office buildings, acreage and more. A flat is a common term used to denote a single-floor apartment, as opposed to a townhouse or freestanding house, so the phrase "flats to rent" refers to only apartments.
What do price ceiling results in?
I just copied/pasted an answer I came up with mere minutes ago on a similar question... A price ceiling is the maximum amount that sellers can charge for a good or service (G/S). An example of this is rent in a large city like New York. Lets just say that the tenant can only charge $1500 a month for rent in one of his apartments (theoretically). This will cause a shortage in apartments because of the amount of people who can afford the rent, and the amount of tenants who take their apartments off of the market because they will actually lose money if they rent it out. With the lower monthly payments for rent, the tenants will be reluctant to make repairs on the apartment due to how much they actually receive. There will also be a rise in black market activity for apartments, the renter will pay extra for rent under the table. Price Ceiling = Shortage, Decrease in Quality, Black Market Activity, and Discrimination
Markets with a ceiling price and floor price?
An example of a ceiling would be rent controlled apartments. A floor would be minimum wage.
What is a price ceiling and what are its economic effects?
A price ceiling is the maximum amount that sellers can charge for a good or service (G/S). An example of this is rent in a large city like New York. Lets just say that the tenant can only charge $1500 a month for rent in one of his apartments (theoretically). This will cause a shortage in apartments because of the amount of people who can afford the rent, and the amount of tenants who take their apartments off of the market because they will actually lose money if they rent it out. With the lower monthly payments for rent, the tenants will be reluctant to make repairs on the apartment due to how much they actually receive. There will also be a rise in black market activity for apartments, the renter will pay extra for rent under the table. Price Ceiling = Shortage, Decrease in Quality, Black Market Activity, and Discrimination
Where could one go to find cheap apartments in Boston for rent?
In order for one to find cheap apartments in Boston for rent, one can go to the Zillow website. The website has listings of apartments in Boston that are for rent.
Where can I find cheap apartments for rent in NY?
You can find a comprehensive list of apartments for rent in NYC at newyork.apartments.com
Where can I find cheap apartments for rent online?
There are many different results to find cheap apartments for rent online. Some of them are www.rent.com, www.echapapartments.com, and www.forrent.com.
Where in California can one find a cheap apartment?
One can find a cheap apartment in California on the site Rent An Apartment or Apartments For Rent. These two companies have many apartments listed in California.
Where can cheap apartments and townhomes for rent be found?
cheap apartments and town homes for rent can be found in the local newspaper adds, or at the real estate agent's. One can also walk into the town and look around for the "rent" signs
How do I search the craigslist website to find out cheap apartments for rent in the NY city?
You can go to craigslist.com and sign up for a profile. Afterwards, you can type in cheap apartments for rent in the NY city in the search box
Were can i find a cheap apt for rent in Dallas, Texas?
You can check out dallas.apartmenthomeliving.com/apartments-for-rent/cheap. There’s also dallas.apartments.com/ and ForRent.com/Dallas.
Where can one find cheap apartments in Chicago?
One can find cheap apartments in Chicago by utilizing online classified services such as Craigslist. On this website, home owners are able to post information about available apartments that are for rent or for sale, often advertising cheap apartments.
Where can I find cheap apartments for rent in NYC?
A good place to look is newyork.apartments.com
how do i find cheap apartments for rent in my area?
I would start my search at www.craigslist.org.
Where can I find cheap apartments for rent in Las Cruces, NM?
Craigslist.com is a great place to find cheap apartments anywhere. They have listings searchable by location as well as price.
Who has cheap apartments for rent locally?
Try contacting the housing athority they often know.
