The debate goes on about rent control and its impact on the real estate market. It seems like people within the same community can't even agree on how it should be handled. Reactions among tenants and investors vary. It's amazing to me that, according to the below linked article, there is rent control consideration for mobile homes in one part of Maine.
Timing matters, since many big cities face a housing shortage, which would warrant new development and/or conversions from unused office space to residential. However, if rent control is looming, it plays a big role in making major decisions.
These factors could be enough to steer real estate investors to a different market and stall some communities which are heavily involved in rent control. It's another reason why you need to have the right research on hand before making decisions which are crucial to your success in real estate, whether as an investor, developer, broker, or contractor.
My team and I are happy to work with you to make the best possible determinations!
https://propmodo.com/rent-control-battles-shift-locally-as-federal-threats-fade/
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