Earlier quoted context omitted.
There is rent control in San Francisco, Los Angeles, Washington D.C., and Oakland, CA. People get priced out of the market through an increase in demand and a lack of corresponding supply opportunities. 1. The lessee stays in a rent controlled location during a period of price increases, absolving themselves of the real-world price increase that is occurring to the landlord. So, to move from the house would mean the…
DC technically has rent control, but there are a variety of loopholes and it does not apply in most cases.
They fell in the statement because it was listed on the Wikipedia article. https://en.wikipedia.org/wiki/Rent_control_in_the_United_Sta...
Thank you for the heads up.