🏠 New Rent Control Policy Alert!

The White House announced a plan on Tuesday to cap annual rent increases at 5% for landlords owning over 50 units. This move aims to stabilize the rental market and provide relief to tenants facing steep hikes.

🚫 Opposition from NAR: The National Association of Realtors opposes this measure, labeling it an "infringement upon private property rights." NAR advocates for increasing the housing supply as the more effective solution to reduce housing costs.

🔍 What's at Stake?

• For Tenants: Potential for more predictable living expenses.
• For Landlords: Concerns about restrictions on property management and investment returns.
• For the Market: Debate continues on the best way to achieve affordable housing.

📢 We Want to Hear from You! What are your thoughts on rent control? Is it a necessary protection or an obstacle to market dynamics? Let us know in the comments!