If Seattle gets the chance they almost certainly impose rent control.

Account Closed  I typically don't weigh in on comments that are not helpful to the OP but in this instance I find your post to be wildly insulting and unnecessary.

Part of me thinks I'm wanting to do this due to being betrayed but the other part of me is that he has a bullying mentality (he's a very large built imposing military man) and I dont think anyone has ever stood up to him and it's time to take a stand. 

I suppose because it’s the government acting in a cruel and authoritarian manner to a minority of well off homeowners that they feel justified imposing this financially devastating decision overnight.

@John Thedford Appreciate the unuseful, unnecessary sarcasm, have a great day!

The act of renting to someone with that scarlet letter imposes risk and sometimes high costs on the building owner.

Imposible to inforce.

Replacing the whole system for 60K is just unnecessary silly-season talk.

It even seeks to curtail some of the restraints imposed (Dodd / Frank, etc.). 

Its like property prices in Vancouver and Toronto, which started to get crazy high that the government there specifically imposed a 15% tax on any transaction by foreigners to control prices.