Housing units installed on permanent foundation

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Reference no: EM131172339

Mobile homes are housing units installed on a permanent foundation owned by a landlord. Although a resident owns the home, she rents the foundation from the landlord. In theory, owners of mobile homes can transfer their home to a different foundation if the rent becomes too steep, but uninstalling, transporting, and reinstalling the mobile home is usually prohibitively expensive. This “lock-in” effect encourages state legislatures to create rent controls for mobile home foundations. Which would MOST LIKELY result after setting a price ceiling on automobiles?

A. fewer safety features

B. more friendly automobile salesman

C. an increase in demand for automobiles

D. a surplus of automobiles

Reference no: EM131172339

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