The Inevitable Results of Rent Control

Rent control has become an unsuccessful measure to insure affordable housing in New York City, but nowhere near the catastrophic effect it has had on buildings and tenants in Mumbai.

At an average of 12 pence ($20) per month, it is not surprising how tenants are forced to live in poor living conditions in buildings that are decades old. Many buildings have collapsed and claimed lives and many others are in conditions so bad, that they are nearing collapse.

With rent so low though, the “it’s better to die” mentality has tenants willing to sacrifice their lives. The poor conditions of these buildings is a clear indication that building owners cannot maintain and make necessary repairs to their buildings because of the binding rent control laws.

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