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Rent control first appeared in the 1940s, when soldiers returned to the city seeking apartments for their new families, causing rents to rise drastically.
However, private rental property remains in short supply in many areas, causing rents to rise faster than inflation, and giving some crowdfunders more confidence in their investment.
This is especially apparent in American cities such as New York and Chicago, where white people all but disappeared from some districts in the 1950s and 1960s and are now returning, causing rents to rise.
Many people in real estate worry that the subprime mortgage debacle could lead to sizable layoffs in the financial services industry, emptying a lot of office space in Manhattan and causing rents to fall.
Fierce went on to argue that it was precisely the failure to build new housing that is causing rents to climb in San Francisco, to the point that she can barely afford to live anywhere in the Bay Area.
In the first case, more Airbnb units would be causing rents to increase.
Similar(51)
The neighborhood had been getting steadily more popular over the last decade, causing rent to skyrocket.
But there is little evidence to suggest that it would cause rents to rise.
Pray for appreciation that exceeds the inflation that causes rents to soar percent a year.
It says rent rises linked to the Olympics and the demand for housing from young professionals has caused rents to rocket in east London.
By the 1980s, the character of the district shifted again, as the renovation of these houses and the high cost of property caused rents to skyrocket.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com