Going into the midterm elections, rent control was explicitly on the ballot in a number of states. Why? The cost of housing, according to the Associated Press.
The issue of regulation on multifamily has been controversial for years. But ultimately the decisions are political, and office holders who depend on votes may lean toward the bigger masses of votes. If that means renters in a given market, the ongoing results could change from past trends.
Since early fall, rent control talk and action has been taking place in many states across the country, including Florida, California, Minnesota, New York, and Nevada.
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