[DowntownWpg]

Think there still needs to be protections for those in the low-income apartments, but overall I agree that the extreme rent controls is probably the biggest reason why we have something like a 1% apartment vacancy in the city. Makes it very unappealing to build and own/manage apartments.

Would like to think that there wouldn't be outrageous rent increases every year without such rent controls that we have. If more new apartments go up with much more limited rent controls, and we get a 5-10% vacancy lets say, the apartment owners wouldn't want to drive tenants/customers away as there would be an element of competition.