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Heres somemore information about the topic.
What Is Rent Control?
While it may sound like a good practice on paper, there are two sides to rent control.
Another plus to rent control is its effects on the community.
Keeping rent affordable can slow gentrification, protectinglow-income and minority tenantsfrom being priced out of their own neighborhoods.
Negatives
While controlling rent may help tenants, it can negatively affect housing providers.
Others believe measures like Californias Proposition 33 dont solve the affordability issue.
When theres a ceiling on rent prices, developers are less likely to construct new housing.
Should You Move Because of Rent Control?
Areas with rent control may be appealing because they can offer long-term stability.
However, this stability may come at the cost oflimited housing options.
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