"Washington State Considers Statewide Rent Caps to Stabilize Housing Market"

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Source: The New York Times
"Washington State Considers Statewide Rent Caps to Stabilize Housing Market"
Photo: The New York Times
TL;DR Summary

Washington State is considering a bill to cap residential rent increases at 7 percent annually, following in the footsteps of Oregon and California. The bill, which has already passed the House of Representatives, aims to address the housing crisis as the number of rent-burdened households in the US reaches a record high. The proposed measure has garnered significant attention and support from residents like Dominique Horn, who has struggled to keep up with soaring rents and fears becoming homeless.

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