Actually the rent control law is a large part of the problem. https://montgomeryperspective.com/2025/09/19/more-evidence-that-rent-control-is-preventing-housing-construction/ |
The law exempts new construction. It's sloppy reporting just to parrot back developer talking points that don't make sense. Anyways, regardless of why developers don't want to build multifamily housing, it's GREAT NEWS. Let them flood surrounding jurisdictions with this stuff. MoCo is already overbuilt. |
That guy works for people who don’t like rent control. He’s not credible on this subject. |
Thanks. I figured as much. It's been well-established that the developers pay people to call themselves "progressives" and push their agenda: https://marylandmatters.org/2022/06/29/progressive-pac-in-montgomery-county-is-really-a-bunch-of-developers/ |
I don’t know. All my economic professors in college taught that it was almost universally accepted that rent control actually made housing less affordable. |
| Raise taxes on SFH and let the market sort itself out. |
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Pp who mentioned my economic professors. Here’s a new study on rent control from Stanford.
https://www.gsb.stanford.edu/insights/rent-controls-winners-losers |
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Why are people changing the subject? This thread was about construction of new multifamily housing. New construction is exempt from the rent stabilization law.
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| If the greedy developers hate MoCo, then it sounds like MoCo is doing something right. |
For sure. No more poors, can I get an amen? |
+1 |
Because there is a lot less new multi family housing being built in MoCo than in surrounding areas, and there is evidence that developers no longer want to build in MoCo because of its housing regulations, especially rent control. https://montgomeryperspective.com/2025/02/04/yup-were-redlined/ |
| And rent control is meant to make housing more affordable, but there is a lot of evidence that it actually makes housing more expensive for everyone except those living in rent controlled units. |
Yup. |
| That's great news for MoCo. There are already too many apartments here already. |