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28 – SPEED: Data Challenge Part 1
An Analysis of the Impact of Rent Control on New York City Housing
Lydia Carter
Miami University
Thomas Fisher
Miami University
Robert Garrett
Karsten Maurer
Miami University
Benjamin W. Schweitzer
Alison Tuiyott
Miami University
It is the concern of policy makers every year in New York whether or not the enacted rent control policy has a positive effect on the New York City rental market. In order to measure the efficacy of this policy, we aim to study the change in housing quality of people who live within these rent controlled homes. A housing quality index metric was created in order to study how it changes over time in relationship to rent controlled versus non rent controlled properties. The impact of rent control on housing quality will be analyzed, thus assessing policy effectiveness. The analysis indicates that rent controlled homes are associated with higher damage rates than non rent controlled homes perhaps indicating that the inverse of the intended effect is occurring.