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What not to do in Minneapolis: Rent control

Posted on 06/14/2023 4:27 pm  

My colleagues on the Minneapolis City Council seem to be stuck on it as a solution. Here's where they should focus instead. 
By LaTrisha Vetaw
 
JUNE 12, 2023 — 5:30PM

I believe in facts, and the facts don't support rent control.

Minneapolis has a problem: The lowest-income people in our city have a hard time finding rental property that is safe, well-maintained and affordable. That's factual.

The false narrative here is the idea that capping rent increases at 3% each year will solve this complex problem. It will not. Rent control might have a short-term positive impact for some renters. However, this policy will likely make the affordable housing problem worse in the long run.

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