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California and Oregon approved statewide caps on annual rent increases. California’s annual cap cannot exceed 10% and Oregon’s is set at 7%, plus the consumer price index.
The fight over rent control has been most intense out West, where in 2019, lawmakers in California and Oregon approved statewide caps on annual rent increases.
Supporters of rent control say the Nov. 8 ballot is the best short-term option to dampen rising rents across the country.
Inflation-weary tenants in cities and counties across the country are turning to the ballot box for relief.
As rents skyrocket, initiatives across the country have put rent control on the Nov. 8 ballot. While the real-estate industry has decried rent control as draconian, many Americans say it’s needed to keep them from being priced out of their homes.