Nationwide Rent Control?
Democrats in Congress are urging President Biden to strip local control on housing policy by enacting measures that they claim will help tenants, and the White House is considering executive actions. The progressives want anti-price gouging protections and just cause eviction standards in rental properties with government-backed mortgages. They also want the Federal Trade Commission to issue “new regulation defining excessive rent increases” as an unfair trade practice, which would wildly overstep their power, as most property owners aren’t engaged in interstate commerce. Rent control has been shown time and again to stifle development and not help those who need housing.