Rent Control, yes or no and why?
[This blog post was originally published July 10 in the CHS Seattle blog HERE]
How do you feel about rent control? We want to know. Participate in the online dialogue.
Kshama Sawant and Nick Licata are squaring off against Smart Growth Seattle Director Roger Valdez (and a player to be named later) on the topic of rent control. Scheduled for July 20th, this free-to-view cage match (kidding about the cage) promises to be bloody.
Both sides are passionate and articulate advocates from opposite sides of one of the most hotly debated topics in Seattle. Rent control, love it or hate it, is a possible intervention being considered for addressing the skyrocketing rents in Capitol Hill and across King County.
Mr. Valdez contends that we don’t need rent control; that rent control feels good (“who doesn’t want to the cost of rent to just stop?”) but actually makes housing prices go up and is, by the way, prohibited by state law.
There are thousands of people in Seattle already living in rent controlled apartments, also known as affordable or subsidized housing, like the 47 buildings operated by Capitol Hill Housing. But there are far more apartment buildings that are not subsidized where rent rises and falls with the market.
How do you feel about rent control? Do you believe the City of Seattle should institute rent control as a partial solution to skyrocketing rents?