As Rents Spike, So Does The Push For Rent Control With housing costs hiking steadily upward throughout 2022 and little relief in sight, the age-old rent control debate resurfaced in markets as far-flung and politically disparate as California and Florida, and the idea is expected to gain momentum in the new year. Though rent control has gained only spotty traction throughout the years, renewed efforts could find purchase in states and municipalities across the country, setting in motion changes for the multifamily property sector that has seen exponential growth in the last decade. "We're going to see a lot more efforts to pass rent control next year," said Jim Lapides, National Multifamily Housing Council vice president of advocacy and strategic communications. "The momentum is there."Though rent increases have moderated in recent months, they remain… Read the full story here. |