Do it do it now.
http://cafehayek.com/2011/05/pop-quiz-2.html
I'm confused. Do you want to know the answers to the pop quiz, or do you just want us to test ourselves with it?
It's fun. Post your answers. Call someone an idiot for disagreeing.
You're an idiot.
C, B, D. I don't see how any of these are all that controversial asides from the first one, if only because everyone views "benefit" from a different perspective.
I haven't disagreed with you yet. Come on, the rules are simple.
Aw, I thought for sure you guys would have some crazy bullshit praxeological take on things.
What?
OK...D, B, D. Why D not C for #1? I assume current renters are geographically distributed fairly evenly between the area about to be rent controlled and the outlying areas, that there are places available for rent in the to-be-RC-area, and that there's no reason to expect a large influx of new residents (e.g., from other states) in the near future; rent control will cause people to move inwards, to the RC area (that's why it causes a shortage there, right?!), reducing the number of renters in the non-RC area: landlords outside the RC area will lose, not gain. (Long-term, the gain is for the outside landlords, but "long-term" is likely to be many decades and a later generation of landlords...)
Coase: Aw, I thought for sure you guys would have some crazy bullshit praxeological take on things.
how?
My Blog: http://www.anarchico.net/
Production is 'anarchistic' - Ludwig von Mises
I assume current renters are geographically distributed fairly evenly between the area about to be rent controlled and the outlying areas, that there are places available for rent in the to-be-RC-area, and that there's no reason to expect a large influx of new residents (e.g., from other states) in the near future;
Alright, that'll be the basis for our model, then.
rent control will cause people to move inwards, to the RC area (that's why it causes a shortage there, right?!),
It will also cause some landlords to either close up shop because they are now operating below cost, and others will divide existing appartments into smaller units so they can sell more to recoupe losses.
reducing the number of renters in the non-RC area: landlords outside the RC area will lose, not gain.
This depends upon the influx of the people from DC proper who cannot get appartments. I guess our differing answers are due to the ambiguity of the question.