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By: Jeffrey Dorfman CONTRIBUTORJUN 16, 2016 @ 02:31 PM
Rent control ordinances essentially all impose some type of limit on rent increases for all or some subset of rental units in a local area and also often include requirements for new buildings to include some minimum percentage of “affordable” units meaning ones rented for less than the owner could get in a free market. They are motivated by the idea that rents are too high because landlords are greedy. That, however, is not the true cause of the problem.