Property rights to rent regulated apartments: A path towards decontrol

Michael J. Wolkoff
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Michael J. Wolkoff: Lecturer in Economics and in the Public Policy Analysis Program at the University of Rochester, Postal: Lecturer in Economics and in the Public Policy Analysis Program at the University of Rochester

Journal of Policy Analysis and Management, 1990, vol. 9, issue 2, 260-265

Abstract: Some communities have endured the consequences of rent regulations because of the political costs associated with contemplating decontrol. This article proposes a novel solution for decontrolling rental housing markets by establishing negotiable property rights to the ownership of rent-regulated apartments. A market in property rights can protect existing tenants, satisfy landlord desires for deregulation, and provide a mechanism for raising revenues for an affordable housing fund.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jpamgt:v:9:y:1990:i:2:p:260-265

DOI: 10.2307/3325416

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