Question

Place the following events in the order they might occur once rent control is implemented in a crowded, impoverished neighborhood.

1) Increase in housing affordability
2) Decrease in rental prices
3) Increase in demand for rental properties
4) Decrease in homelessness

Answer 1

The correct order of events once rent control is implemented in a crowded, impoverished neighborhood is a decrease in rental prices, an increase in demand for rental properties, an increase in housing affordability, and a decrease in homelessness.

Step-by-step explanation:

The correct order of events that might occur once rent control is implemented in a crowded, impoverished neighborhood is as follows:

1. Decrease in rental prices: Rent control sets a maximum price for rents, which would lead to a decrease in rental prices.
2. Increase in demand for rental properties: With lower rental prices, there would be an increase in demand for rental properties as they become more affordable.
3. Increase in housing affordability: The decrease in rental prices and the increase in rental properties availability would result in greater housing affordability.
4. Decrease in homelessness: As housing becomes more affordable and rental prices decrease, there would likely be a decrease in homelessness in the neighborhood.