Some time ago we had a nice thread here about ‘Nationalizing Rental Housing’.
And I agree with the premise - it won’t happen on a national basis but I continue to be conscious about local measures which are happening. Furthermore, a Generation Chipotle runs more of the country, I foresee more such rules popping up. Does this mean I run from rental housing? Heck no -closing on another home this month. BUT - speaking for myself- I continue to be mindful of the political climate in cities and states. Tenant selection - more important than ever. A Just posting this on an FYI basis…
“Rents are up 30% and more in some cities. What to do if you’re worried about a big hike”
“In Oregon, most hikes are already limited to 7%, plus inflation. Recently, Santa Ana, California, passed legislation capping rent increases in most buildings to no more than 3% during any 12-month period. And residents in St. Paul, Minnesota, voted last year in favor of a rent control policy that will also limit increases to 3% a year beginning May 1”
“In Seattle and Portland, Oregon, your landlord may be required to pay for your moving costs if you can’t afford to stay in your home after a hefty rent increase.”