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I'm sorry but I don't really see a problem here. The fact that they won't be able to absolutely gouge people, including inflation, seems reasonable. Inflation r

I'm sorry but I don't really see a problem here. The fact that they won't be able to absolutely gouge people, including inflation, seems reasonable. Inflation rising above 3% is hardly the tenants fault and chances are the tenant is suffering from that as well, probably more so. Is there no other way to encourage development outside of making sure the tenants make less every year? Ultimately that's what they're ensuring here since most people are lucky to even see a raise that covers inflation. Also, the mayor can shove off. The people voted, get your wheels greased elsewhere.

t0suj4 5y ago
The problem I see is that there will be less houses to live in if nobody's going to build them. This will result in more people having to drive cars from nearby cities to get to work.
xibalba 5y ago
Rent control has been tried many many times. Point me to an instance that worked. Interfering with markets like this, particularly with price controls, almost always backfires in ways that end up hurting those who were intended to be helped.