rent control

In this short video, Caitlyn McKenney responds to an argument for rent control made in a Washington State public debate on the subject.

The Washington Legislature is considering a bill aimed at “improving housing stability for tenants” by capping rent increases at 7% and fees at 1.5% of monthly rent. Instead of mandating rent control, lawmakers should provide housing stability by enacting smart landlord-tenant laws.

More than half of Seattle residents are renters, and the growing dysfunction in Seattle’s affordable housing market offers cautionary insights into the meaning of housing stability. Last summer, the city distributed $14 million in emergency funding to affordable housing providers on the brink of collapse. If there is any picture painted by the applications for funding, it is one of housing instability.

The applications, which are public records, document what has happened in some of Seattle’s affordable housing: assaults, fecal matter in the hallways and on walls, needles in the stairwells, a unit operating as a methamphetamine lab, residents engaged in arms dealing, community room couches set on fire, the rape of a homeless woman and a fire started by a resident soldering Lime Scooter batteries together.

SB 5222 WA’s Senate Housing Committee heard testimony on SB 5222, a bill that would mandate a 7% cap on rent increases (aka rent control). If you care about the cost of housing, watch these key moments from expert testimony. But first, the bill’s sponsor asking for grace. PRO PRO price cap: Bryce Yadon says renters “deserve the same assurance I have that my mortgage won’t increase 25% in a single year because the bank decided they didn’t plan.” “I’ll have to do some research…” Sen Chris Gildon asks Bryce for an example of where rent control has worked. “I’ll have to do some research and get back to you.” Counter-Question Sen Alvarado (who introduced the bill as a Rep Read More ›

According to a recent survey commissioned by Redfin Real Estate, the majority of U.S. residents are in favor of caps on rent increases. When presented with the statement, “there should be caps on the amount landlords are allowed to increase rent,” 82% of respondents agreed. This significant majority holds regardless of political party or homeownership, though Democrats and renters were about 7% more likely to favor rent caps than Republicans or homeowners. What are “rent caps”? A more familiar term for the government regulation of rent increases is “rent control.” According to the National Apartment Association (NAA), only seven states, in addition to the District of Columbia, have enacted rent control policies locally or statewide. Interestingly, an online poll from Read More ›