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From Berkeley to Chicago Washington, D.C, the rent control movement is having a resurgence. The impetus is fueled by the current housing crisis, but opposition from the real estate industry is strong.
In New York State, legislators are considering an array of rent-control bill. Elizabeth Ginsburg, senior program officer with Enterprise Community Partners, a nonprofit housing group says that “under the current system, landlords can revoke preferential rent upon lease renewal, putting families at risk of losing their homes,” Ginsburg said.
However, not all things are looking rosy for rent control supporters. Last month, voters in California soundly defeated Proposition 10 which would have overturned a 1995 law that blocks California cities and counties from imposing rent control on single-family homes and apartments built after that year.
Read on at:
Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.
Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.