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Why Rent Control Should Not Be Encouraged In Nigeria

regulation of property values in Nigeria

Rent control, like all other government-mandated price controls, is a law placing a maximum price, or a “rent ceiling,” on what landlords may charge tenants. If it is to have any effect, the rent level must be set at a rate below that which would otherwise have prevailed. If rents are established at less than their equilibrium levels, the quantity demanded ...

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