Minneapolis & St. Paul pass rent-control measures

[JD Martin]

From today's Wall Street Journal:

https://www.wsj.com/articles/m...

This might be a boon for existing residents but everyone coming down the pike is going to have a lot of pain. Some units will just disappear from the market and others will be marked to the sky to take up the slack. It will end up being a textbook case of good intentions gone to hell.

[Matt Greer]

These always look good for tenants in the beginning, but then the quality of housing drops as the rest of the economy inflates. If they can only raise rent 3% but then the cost of maintenance or repairs goes up 4% then the quality of work that the tenants gets declines and each year it slowly gets worse and worse. 

If you got property there just sell it and come to AZ we have good laws and low taxes.