Quote:
Originally Posted by SpongeG
Reading on facebook though people are freaking out that everyones rent is going up 4.5% which is possible but it has been going up 4% for a few years anyway which most people don't seem to be aware of or have just not been paying attention to. It's just weird that people don't know or understand how it works. Like saying stop building rental buildings, that will only make the rental options fewer and increase the prices, whereas we need more rentals to keep prices down.
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Rent controls protect existing renters at the expense of people looking to rent, and landlords.