Managing Affordability and Justice
Rent control refers to a government system intended to put a cap on the amount that a landlord can charge for renting a property. Rent control is usually done at the city level, although Oregon and California have implemented some rent control measures at the state level. While rent control can sound tempting, there are arguments for and against it.
Benefits of Rent Control
Rent control is seen by some as a necessary check on the soaring cost of living while wages stagnate. Because the housing market is continuing to balloon at a rate that far outpaces wage growth, proponents of rent control argue that it gives renters with median or fixed incomes a fighting chance to remain housed.
Arguments Against Rent Control
Rent control is not a popular idea. Being in a capitalist, profit-driven economy, any government program that would limit how profitable a venture could be is looked down upon by those who stand to profit. Rent control is argued to disincentivize maintenance of properties and exacerbate housing shortages. Furthermore, property owners will allegedly avoid creating rental properties if they believe there will be limits to their profits. In that spirit, 33 states have laws that in some way preempt cities from enacting rent control provisions.
Helping You Command The Market
If you are living in a rent controlled property and feel that your agreement is being violated, you will need the help of an experienced real estate law attorney. A real estate attorney is able to focus completely on your case, zealously advocate for your interests, and get you the best possible outcome.
In order to achieve this best outcome, however, you will need an attorney who has the expertise and resources to take your case all the way. That’s why you should contact Attorney at Law. By partnering with AAL, you will be able to avoid slogging through the quagmire of unscrupulous lawyers looking to exploit your case.
At AAL, we only partner with the best firms in your area, helping you find the best attorney for your case. Don’t wait, contact AAL today to be matched with skilled and experienced attorneys in your area who practice real estate law.
