Monday, July 6, 2020

ECONorthwest Study: Rent Control in Washington State Would Be Counterproductive

ECONorthwest recently conducted a study for the Partnership for Affordable Housing.

Released in June, the study found rent control could reduce more than a year's worth of housing construction activity. The study is based in part on the findings of a 2019 Stanford study on rent control in San Francisco, which found the policy resulted in a 15 percent reduction of rental housing supply.

The study found that rent control could reduce housing built over the next decade by 15,000 units, with more than 75 percent of that loss in the central Puget Sound region. Read the study here.

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