Rent control sweeping the nation ?

[Jay Hinrichs]

Seems like Rent control in some form or fashion Is gaining a lot of traction around the US..  Oregon just passed state wide.

Washington some new rules.. California of course has had rent control in many cities for decades.. NY same thing. 

Minneapolis has some new bills etc etc..

There seems to be a target on the landlords back.. Is this just along party lines or do you landlords think this Is what the future holds over the next decade and like Cannabis laws starts in one place and will end up nation wide.

It seems these are meant to create affordable rent situations / or keep rents in check.. when I talk to landlords. I hear the oppostie

most say they will raise rents as aggressively as possible.. one to keep from having to rent to renters that heretofore U could have just rejected because of criminal or other issues.. 

This being a landlord dominated site would be interested in view points from others.. I have no dog in the hunt only  a few rentals left but I did own hundreds of them at one time. 

Bottom line I can see this in many areas having the exact opposite affect than the law makers envision.

[Greg Scott]

This month's Unit Magazine (published by NAA) had a great in-depth article on the topic.   

There was one data point that surprised.  Economists never agree on anything.  But, a survey they quoted showed that something like 93% of economists agreed that rent control limits housing development and in the long-run makes housing affordability worse, not better.  They even had some quotes from socialist economists arguing against rent control.   So, it would seem like most of the best minds agree that it is bad idea.

Of course, many politicians don't care about facts, whether or not what they are doing is effectiveness, or even whether or not it helps or hurts their constituents  They just want to get elected.