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I can’t believe that my local state representative, whom I’ve met several times and who came and talked with one of my University Seminar classes, will be introducing a rent control law for mobile home parks in the next state legislative session. Technically, the law requires justification of rent increases, instead of an absolute price ceiling, but the impact is the same.

OK, econ students, read this article and predict the impact of a rent control law on the mobile home market if it passes. Understanding that mobile home residents are lower income and probably hard hit by the recession, and certainly deserving of our sympathy, is this the best way to help them?

Extra credit – what will be the impact on other markets (forms) of lower cost housing?

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