Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It’s not “Maryland Suburbs” it’s Montgomery County. And it’s not “regulatory concerns” it’s rent control.
It has nothing to do with the new law limiting rent increases. That law exempts new/recent construction.
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/
Yup.
Parts of the rest of Maryland also have rent control! Within Montgomery County, Rockville and Gaithersburg don’t have rent control. If this market were ripe for more multifamily, permitting would be through the roof in those places because they’re the only places in the county you can build rentals without rent control (23 years from now).
Rents have fallen in Montgomery County since the rent control regulations have taken effect. That’s a hard fact for those opposed to it. Was that all rent control? Of course not. In that time, more landlords settled price fixing cases with the government, and the local economy has weakened. But rent control is a part of the story because it banned very high rent increases, which were distorting the average rent statistics.
Rent control has probably also helped force landlords make repairs because of special restrictions on rent increases at troubled properties. Invariably; the landlords screaming the loudest about the law have troubled properties or near-troubled properties. They’re not good actors in the market. If your business plan depends on annual rent increases exceeding 6 percent a year, you never were going to build enough housing to make prices go down.
I was a skeptic of the county’s rent control law when it was introduced but the landlords have proven it necessary and time has proven it effective.