Call For Action TODAY!

OPPOSE SB99 Rent Control

     

Speak up in OPPOSITION to Senate Bill 99 and Rent Control as it is considered by the Senate Health and Public Affairs Committee today at 1:30 PM or 30 minutes after the Floor Session. 

ACTION NEEDED:

• Attend In Person: State Capitol, Room 311
• Attend Virtually: https://us02web.zoom.us/j/9124526531 
  (Zoom ID: 912 452 6531) or via telephone +1 253 215 8782

View SB99 RENT CONTROL PROHIBITIONS
View the Committee Agenda
View NAR Issue Summary on Rent Control 
 
Why REALTORS® Oppose Rent Control:

• Property owners have the right to set rents at market rate.
• Property owners have the right to own property free of unreasonable controls.
• Rent control and rent stabilization put unreasonable costs and burdens upon property owners without compensation.
• Rent control and rent stabilization create market distortions and allocate housing inefficiently.
• The social responsibility of providing affordable housing should not be disproportionately borne by private property owners.
• Rent control has been shown to be extremely difficult and costly to administer by local governments.
• Lost revenue under rent control measures reduces the ability for the property owner to maintain and improve the property.
• As residential rentals lose value due to the restriction on rents, property tax assessments decrease along with the property tax base. Therefore, other property owners would eventually pay more in taxes or fees as a result. Rent control discourages the production of new rental dwellings in the private sector.