Rent Control in Egypt

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The Effects of Rent Control in Cairo Cairo, a city with a population between seventeen million and twenty million people, and a city which has survived and sustained itself for over five thousand years. From the times of the Pharaohs, to Egypt’s transition into the twenty-first century, the people of Cairo appears to have survived it all. However, throughout the past centuries has Cairo been able to keep up with the demands of it’s growing population, or is Cairo now in the position where it has increased in size too quickly in order to adequately house and feed it’s millions of inhabitants. Unfortunately, the answer to this question is, no. It appears as though one cannot experience the promises presented by the Egyptian Revolution in 1952 unless he or she is willing to pay money for their dreams. Cairo’s populace is in a dire situation, where a small percentage of the city’s population holds the majority of wealth, while others are forced to live in poverty among the tombs in the city of the dead. What can be done about this situation, and what has occurred in the past to bring Cairians to this present state? The notion of rent control, the idea of applying fixed rate in order to create more affordable opportunities for people to rent a house, office, or apartment. Rent Control works quite well in cities such as New York or San Francisco, where buildings that would otherwise be unaffordable to many of those who live in them, are able to maintain their lives because of a previously agreed upon rate which does not rise in price when the market gives credence for the landlord to raise prices. As stated previously, ideally rent control allows those who under other circumstances would be unable to afford to exist in their desired living situation the opportunity to do so. How does rent control work with a city like Cairo? A city, though great and vast

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