Rent control is creating challenges all over the USA. Let the laws of supply and demand bring down the rents, and reduce the cost of government regulations that highly increase the cost of construction, to to say anything about increasing interest rates.
Founding Partner at HFO Investment Real Estate & GREA: I specialize in selling apartment buildings throughout Oregon and Washington.
The rent stabilization bill, which sought to cap yearly residential rent increases at 7%, has hit a roadblock in the Washington State Legislature. June Robinson, the Senate Ways & Means Committee Chair, announced that HB 2114 would not move forward, citing a lack of bipartisan and internal Democratic backing. Now we can push for real solutions like an expanded voucher system to address the affordability issues. #WashingtonState #Rentcontrol #Legislature #HousingAffordability