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Metropolitan DC Local Politics
Reply to "Investors Steering Clear Of Maryland Suburbs Due To Regulatory Concerns"
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[quote=Anonymous][quote=Anonymous]It’s not “Maryland Suburbs” it’s Montgomery County. And it’s not “regulatory concerns” it’s rent control.[/quote] Prince George’s also has rent control. Rents are falling, vacancy is increasing, and a bunch of units are still under construction. No one in their right mind would start a project right now. It’s a great time to try to make a political point about a regulation you don’t like but even if MoCo repealed rent control tomorrow no one would build because the market can’t support more units. One positive is that some builders have flipped from building apartments to building townhouses, so more people will be able to own. [/quote]
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