Posted on 05/08/2025 7:29:06 PM PDT by ChicagoConservative27
Washington Governor Bob Ferguson signed a bill Wednesday that set limits on rent increases—one of the first in the country.
Rent stabilization bill, HB 1217, caps rent increases at 7% plus inflation, or 10%—whichever is lower. Washington now joins Oregon and California in drafting legislation that curbs climbing rent prices.
“There is no single policy that will fix our housing crisis, but we need this comprehensive approach,” Sen. Emily Alvarado said at the bill signing.
(Excerpt) Read more at mynorthwest.com ...
Well, that won’t constipate the growth of new rentals into the market….
Dayum, those folk are STUPID
It's government legislation of a monopoly, an outright crime, under the guise of "protecting" tenants.
10 percent isn’t awful. 2,000 one year will be 2200 the next and so on. Probably will make more for the landlord.
If you haven’t left the Commie NW, you’re screwed.
Rent stabilization bill, HB 1217, caps rent increases at 7% plus inflation, or 10%—whichever is lower.
The landlords should be COMPENSATED under the “Takings Clause” of the Constitution, since lowering the rent that can be charged lowers the value of the property.
???
Your second sentence says it's not to cap them, but right there in your first sentence: "Rent stabilization bill, HB 1217, caps rent increases at 7% plus inflation, or 10%—whichever is lower."
But the rats also passed bill allowing huge property tax increases so they don’t give a crap about seniors losing their homes.
Nothing like passing a new law. it works every time it is tried.
The Federal government isn’t taking anything so the Federal constitution does not apply. Put another way: The U.S. Constitution is irrelevant in the discussion.
What does the Constitution of the State of Washington say about it?
So how are land lords supposed to maintain the properties, pay taxes that are increasing ??
The Kelo decision was local government too, but a national ruling was made on it by the Supreme Court.
Also - the landlords will increase rent EVERY year to the maximum allowed (7% or 10%). If they don’t do it every year they have lost the option to increase it more if the need arises.
My daughter rented a cute little cottage in Montana for really cheap. The rent stayed constant for 3 years.
The landlord must have finally looked at the market and nearly doubled her rent (which was still less than market value). She ended up moving out to a bit bigger place with a roommate.
See my post 15.
Washington state does have exemptions for senior citizens with limited income. I don’t know how great it is or what it covers.
“No one will build new, competing buildings if they can’t raise rents.”
nor will they maintain marginal properties, instead allowing them to slowly deteriorate ...
rent control ALWAYS results in fewer properties for rent ... ALWAYS ...
It violates the Commerce Clause by restricting new businesses by government regulation, giving a monopoly to current owners.
We fought a revolution over such monopolies The Crown gave to companies like the East India Company.
Two wrongs don’t make it right. We’re trying to get Kelo overturned because it was so bad!
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