Newark NJ now has rent control on single, duplex ,triplex and 4 family owner occupied

[Brian W.]

The City of Newark has placed a 4% cap on rentson single, duplex ,triplex and 4 family owner occupied homes, that were previous exempt. Which means Newark NJ has the strictist rent control policy in the Country outside St. Paul, The mayor wants no investors in the city. And Investors should avoid the city as such, the city has made it clear that it would rather no investment so it can keep its populations rent artfically low on the backs of homeowners and investors