Finally, something nearly all Americans can agree on – rent increases should be capped. That's the clear result of a Redfin survey, which found 82% of U.S. residents favor limits on how much landlords can raise rents.
Within this big picture, there were some differences. Democrats (86%) were slightly more likely to hold this view than Republicans (79%). So were renters (86%) compared to homeowners (78%). Overall, however, only 7% of the 1,802 people surveyed opposed rent caps. Some states have already taken action to limit rent increases.
The survey, conducted in September, comes at a time when rents are consuming a growing share of household budgets, often exceeding 30% of income, even though excessive supply in some regions is pushing rents down.
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