Principles of Economics: Microeconomics - Rent Control in Mumbai

For all you former, current, and future renters out there -- rent these days is too high, right? What if you could pay the same rent your parents, or grandparents, paid back in the day? Sounds pretty good! Now what if that low rent meant that your home was in such disrepair that it could literally collapse while you were sleeping? That’s one of the unintended consequences of extensive rent control currently playing out in Mumbai, India. Let’s take a look. ----------------------------------------------------------------------------------------- Try our price ceilings interactive practice: https://mru.io/9lm Subscribe! http://bit.ly/1Rib5V8 Next video: http://bit.ly/2F451At Help translate this video: http://bit.ly/2Dyycif