Rent Controlled Markets Feel Reduction in Multifamily Investments
A new survey shows that almost 60 percent of multifamily firms indicate they are reducing or avoiding investment in rent-controlled markets, according to the National Multifamily Housing Council (NMHC).
An additional 15 percent say are considering cutting back in those markets. Conversely, only a quarter (27 percent) of firms are willing to keep their current or add new investments in rent-controlled markets.
“Policymakers in places like Boston, Minneapolis, Florida, Colorado and others continue to pursue counterproductive rent-control policies, causing a reduction in housing investment and exacerbating the very problem rent control purports to solve,” the NMHC said in the statement. …[Read More]