Clips - Why Rent Control Doesn’t Work
For most people, the idea of rent control works in their favor by limiting rental increases. Fact is, rent control actually works against you, and history has proven that to be true many times already.
Honestly, rent control has very little to do with the increase in your monthly rent, and more to do with a property owner's inability to remove a problem tenant without the court's approval.
The main source of income in any city is mostly property tax. If people in the city aren't purchasing a new property to retain their lower cost of living, cities will often solicit larger companies to invest in a new local workforce to drive tax revenue for the city.
This has been a touchy subject, but we feel it is important to have real conversations about these things. Not to point out who is right or wrong, but to make sure we have all of the information available to make the proper choice.
Let us know how you feel in the comments below, let's talk about it!
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