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Analysis

Rent Control Rears Its Head in Multiple States

Direct action and potential power shifts in states mean many in CRE could face an impact.

With rents rising annually at double-digit percentages and inflation cranking up, even as wages haven’t kept pace, it’s little wonder that people have started pushing for rent control. Call it unrealistic in the long run, as landlords who don’t think they’re getting an adequate return on their investment won’t be improving properties and developers are less keen on building housing.

But the issue is an emotional one and people are frustrated. 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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Erik Sherman

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