3. Discuss the effect of establishing for each rent-controlled apartment a right to rent control certificate and
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3. Discuss the effect of establishing for each rent-controlled apartment a
“right to rent control” certificate and awarding it to the incumbent tenant.
Should the certificates be fungible? Who would buy them? What would the effect be? How should such a market be regulated? Should the imputed value of such certificates be counted as income for the holder, for income tax purposes?
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