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As Rents and Evictions Rise, More Cities Are Debating Rent Control

08/22/2023 8:46 AM | Margaret Fulton (Administrator)

Naturally, affordable housing experts are strongly advocating for more rent stabilization laws, but there is also strong resistance in some of the most expensive cities in the U.S. In Seattle, where rents are skyrocketing, the City Council recently voted against implementing rent regulation policies. And this summer, two New York City landlord groups filed a petition asking the U.S. Supreme Court to overturn New York City’s rent stabilization law, which limits rent increases for more than one million units in the city, according to USA Today.

Read More: https://www.msn.com/en-us/money/realestate/housing-market-2023-as-rents-and-evictions-rise-more-cities-are-debating-rent-control/ar-AA1fA9Ke?ocid=hpmsn&cvid=959452dfaaa3424ca85674a562eb946b&ei=16

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