Many have struggled with dramatically increasing rents in recent years, and rent stabilization is one way to provide and enforce predictability in the rents that tenants pay. A year ago, I regrettably joined my colleagues on the Rockville City Council in signing a letter against Montgomery County’s implementation of rent stabilization. In other words, rent stabilization would have little effect on most renters and, by extension, many landlords. Implementation of rent stabilization as outlined by Montgomery County will have no impact on most housing units. Rent stabilization will help a significant number of people and families stay in their homes, which has many benefits in addition to being a moral goal to fight for.

Source: Daily Sun August 01, 2024 10:25 UTC