Cities that adopt strict rent freezes see reduced housing supply, less reinvestment in existing units, and declining housing quality over time.
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Rent stabilization would typically apply to older multi-unit rental housing, because state law exempts categories such as newer construction, single-family homes and condos, and units with regulated rents. Owners should be able to receive rent adjustments when significant repairs are necessary, linked to actual costs and spread over time.
City Council’s latest scheme is to not only limit increases but to freeze rents retroactive to last October.
