How to bring down rent when Rent Control Laws deminish the supply of rentel buildings. It is simple economics that only if supply is increased the price will come down. Rent Control is one of the legislations that back fired. Its intention was to bring down the rent and make available buildings to commen man. Due to Rent COntrol Legislations the existing suply of buildings were withdrawn from the market and no much buildings came into the market thus supply of buildings deminished and rent shot up and pakdi system emerged. Only the existing tenants got the undue benefit that they need pay only the rent that was fixed decades ago. The genral public is not benefited, the building owneres are worst hit and only the existing tenancy holders got a fabulus deal in this Law.
