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Updated almost 2 years ago,
Let's talk About Rent Control....
Hey BiggerPockets Crew - Rent Control proposals are big deal for many national multifamily markets as the trend trickles across the country: Rent control in one form or another seems to be on the horizon for Boston and many cities across the nation. The majority of the population in the majority of the big cities in the country are renters and rents have become, in many regards, unaffordable. So the pressure is on the politicians to 'do something' which rent control seems to be the most politically expedient.
How are investors taking this into account as they are evaluating markets?
Do you expect major allocation changes?
Are there hidden opportunities?
I would love to hear expert voices from around the country.
I've already heard from a few developers that they are struggling to raise capital for new rental developments as investors wait to see if rent control goes through.
Thoughts?
- Sean Kelly-Rand