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Podcast: News For Reasonable People
Episode: Washington's DISASTROUS Rent Cap: How Taxpayer-Funded 'Solutions' GUARANTEE Higher Housing Costs
Description: Washington's legislators just struck again with a rent cap bill that guarantees housing will be even MORE expensive. While claiming to help vulnerable renters, this 7% cap law is about to backfire spectacularly, driving developers out of state and ensuring landlords maximize EVERY annual increase. $500 million in potential housing investment is already being reconsidered—exactly what the fifth most expensive rental market in America doesn't need. Is anyone surprised that politicians who don't understand basic economics are creating the opposite effect they intended? They're calling it 'relief' while we're calling it what it is: another policy disaster that punishes the ve...