Minneapolis rent stabilization working group

[Wendy Man]

"Minneapolis group recommends strict rent-control plan to City Council"

The group split with 14/25 voting to recommend a strict rent-control plan like the one that St. Paul passed last year, and 11/25 to recommend a plan that was more lenient.  What do you think?

https://www.bizjournals.com/tw...

https://lims.minneapolismn.gov...

[Rodney Sums]

Quote from @Wendy Man:

"Minneapolis group recommends strict rent-control plan to City Council"

The group split with 14/25 voting to recommend a strict rent-control plan like the one that St. Paul passed last year, and 11/25 to recommend a plan that was more lenient.  What do you think?

https://www.bizjournals.com/tw...

https://lims.minneapolismn.gov...

 How would those same people feel if someone came along and proposed a law limiting increases in earnings to 3%, no exceptions?  

Your job wants to give you a raise or promotion?  3% max.  Got a new job?  Can't accept more than 3% more than what you earned last year.

Are they suggesting a cap on how much insurance can raise their rates to insure a property?  How about a cap on property taxes?  A cap on all the vendors the landlord has to contract when the tenant wants something fixed or updated?  A cap on utilities the landlord pays?  How about a cap on how much Walmart can sell a TV for?  Or Chevron for a gallon of gas?  

They just got through telling landlords they couldn't evict people for not paying rent, now they don't want them to earn more either but still pay all the bills and fix things.

I'm not insensitive to the fact there's people in communities with lower incomes and challenging situations.  Rather than attack the landlord, more focus should be geared toward other ideas such as higher education, helping people develop skills to increase their income,  pathways to home ownership,  and affordable housing programs/vouchers.