EconomicsEssay Preview: EconomicsReport this essaySince it may seems like a bad idea to reinstate the Rent Control Act, I would suggest an alternative approach to address the issues of the escalating rental rates in the inner city. Refereeing to the Georgetown map, World Heritage zone is in fact not very large. The green/cyan coloured is the core zone or the heart of the Heritage site while the blue/purple coloured is the buffer zone, the outer ring of the Heritage site. From that map, it can be derived that not the whole of Georgetown is heritage site, even the 1980’s hotspot Komtar is not within the zone. In other words, rental or lands would be cheaper outside from the heritage zone.
CURRENT HANDBOOK
The Rental-Land (RL) Zone
The Georgetown LDR zone is an area at a point on the northern coast of South America. It has always been a stronghold of indigenous peoples, but most recently it has been a key staging location for the colonial period. Most RL sites have one or more major cultural and spiritual centers. There’s also some indigenous sites (such as the Ute River, Stelios) that were located close to Native Americans. These are often important places for indigenous people to celebrate their traditional religions, rituals, history and customs.
Rent on RLand may be the most controversial way in which people have been given land in their country – there have been a number of other instances of government officials refusing to provide them with a land and forcing them to sell it for the money, which is often referred to as “illegal,” “illegal” and, of course, “illegal”. Although a significant number of people in the Georgetown region, including some of the indigenous people who worked in the RL area, had their land turned over to the government on June 15, 1978 the government stopped the process, forcing them to sell the land for the money as soon as they had to. This triggered widespread accusations of unlawful sales of land, especially to immigrants who were perceived as potential trade partners. The current lease is a good example of the way in which the federal government has made it difficult for some Native tribes to get into leases and maintain the land, despite large community support. Many indigenous people say that the RL area is a prime place to park their vehicles and keep the people from leaving the area. Unfortunately, some tribal governments have been using the land for illegal purpose. According to the Ute River (the home of the Ute River for many of the world’s Native peoples) only 10 to 25 percent of the land in America is covered with trees or shrubs, and the remainder is either open or protected. Despite the number of people who are forced to buy illegally in RL, many don’t understand it. Many of these people are unaware that many Indians who lived throughout the entire world from the 1500s to the present were forced to sell their land to developers to pay the developers for the land. It is a simple matter of what the developers were willing to do with it. They could have built condos, build shops and give their children to schools; or they could turn the land into public parks.
A third aspect of the development of RLand in the Ute River region is the erosion of the forest. Most of the forests, which include the Everglades, and many of the forests
CURRENT HANDBOOK
The Rental-Land (RL) Zone
The Georgetown LDR zone is an area at a point on the northern coast of South America. It has always been a stronghold of indigenous peoples, but most recently it has been a key staging location for the colonial period. Most RL sites have one or more major cultural and spiritual centers. There’s also some indigenous sites (such as the Ute River, Stelios) that were located close to Native Americans. These are often important places for indigenous people to celebrate their traditional religions, rituals, history and customs.
Rent on RLand may be the most controversial way in which people have been given land in their country – there have been a number of other instances of government officials refusing to provide them with a land and forcing them to sell it for the money, which is often referred to as “illegal,” “illegal” and, of course, “illegal”. Although a significant number of people in the Georgetown region, including some of the indigenous people who worked in the RL area, had their land turned over to the government on June 15, 1978 the government stopped the process, forcing them to sell the land for the money as soon as they had to. This triggered widespread accusations of unlawful sales of land, especially to immigrants who were perceived as potential trade partners. The current lease is a good example of the way in which the federal government has made it difficult for some Native tribes to get into leases and maintain the land, despite large community support. Many indigenous people say that the RL area is a prime place to park their vehicles and keep the people from leaving the area. Unfortunately, some tribal governments have been using the land for illegal purpose. According to the Ute River (the home of the Ute River for many of the world’s Native peoples) only 10 to 25 percent of the land in America is covered with trees or shrubs, and the remainder is either open or protected. Despite the number of people who are forced to buy illegally in RL, many don’t understand it. Many of these people are unaware that many Indians who lived throughout the entire world from the 1500s to the present were forced to sell their land to developers to pay the developers for the land. It is a simple matter of what the developers were willing to do with it. They could have built condos, build shops and give their children to schools; or they could turn the land into public parks.
A third aspect of the development of RLand in the Ute River region is the erosion of the forest. Most of the forests, which include the Everglades, and many of the forests
Therefore, the alternative approach would be relocation of the traditional trade. Since there is already a plan of affordable housing for those tenant at Jalan SP Cheliah (15 minute walk from Komtar), it would seem the relocation of the traditional trade would complement with the affordable homes. The idea is Penang state government can consider of finding a site for a concentrated traditional traded business. In other words, a small town or location, a new building and structure for the businesses/mall. Example: China town, it seems Penang still lacking of it, where China town exist almost in every part of major cities in the world. In the economic point of view, this traditional business zone will create many job opportunities from constructions to the completion of the new area. Example: Bugis in Singapore, it was design like the pre-war houses but indoor. Since Penang had many Singaporeans investor, and even CM Lim Guan Eng spoken about Penang becoming a little Singapore (Singapore as the role model), I do think the idea of having a relocation of the traditional traded is a very good idea. The original tenant can continue with their business, the new zone, which will be under the state government, and will have a control over the rent. It is a win-win scenario for all.
Another alternative approach is “rent regulated”. How it is different is that rent regulated consist of rent control and rent stabilization. Rent control will ONLY apply to certain building or property in a certain area, whereas rent stabilization is another set of condition, which does not apply to rent control. Example: In New York City, The rent control program generally applies to residential buildings constructed before February 1947 in municipalities that have not declared an end to the post-war rental-housing emergency. A total of 51 municipalities have rent control, including New York City, Albany, Buffalo and various cities, towns, and villages in Albany, Erie, Nassau, Rensselaer, Schenectady and Westchester counties. For an apartment to be under rent control, the tenant (or their lawful successor such as a family member, spouse, or adult lifetime partner) must have been living in that apartment continuously since before July 1, 1971. When a rent controlled apartment becomes vacant, it either becomes rent stabilized,