rent control

According to a recent survey commissioned by Redfin Real Estate, the majority of U.S. residents are in favor of caps on rent increases. When presented with the statement, “there should be caps on the amount landlords are allowed to increase rent,” 82% of respondents agreed. This significant majority holds regardless of political party or homeownership, though Democrats and renters were about 7% more likely to favor rent caps than Republicans or homeowners. What are “rent caps”? A more familiar term for the government regulation of rent increases is “rent control.” According to the National Apartment Association (NAA), only seven states, in addition to the District of Columbia, have enacted rent control policies locally or statewide. Interestingly, an online poll from the NAA revealed that respondents living Read More ›