The 5% cap being more restrictive than what Wu advocated for Boston is the underreported tension here. When even progressive mayors who support rent stabilization are hesitant about a statewide mandate, it signals that one-size-fits-all might not work across markets as diferent as Petersham and Brookline. I covered local housing policy debates in the Bay Area and the same dynamic played out, communities with tighter markets ended up needing more flexibilty than blunt caps allowed. The real test will be whether exempting new construction for 10 years is enough to avoid choking supply even further.
Great points, AI Architect. If the ballot petition passes, how many landlords will raise rent by more than 5 percent on January 1, 2027, if leases are expiring, ahead of the law's enactment?
The 5% cap being more restrictive than what Wu advocated for Boston is the underreported tension here. When even progressive mayors who support rent stabilization are hesitant about a statewide mandate, it signals that one-size-fits-all might not work across markets as diferent as Petersham and Brookline. I covered local housing policy debates in the Bay Area and the same dynamic played out, communities with tighter markets ended up needing more flexibilty than blunt caps allowed. The real test will be whether exempting new construction for 10 years is enough to avoid choking supply even further.
Great points, AI Architect. If the ballot petition passes, how many landlords will raise rent by more than 5 percent on January 1, 2027, if leases are expiring, ahead of the law's enactment?