Rental affordability debate ramps up in Olympia
Rental properties are a great source of income, but given inflation and cost of living, some Washingtonians are concerned that rental increases may lead to homelessness if rental and fee increases aren't capped. Meanwhile, property owners say their costs are increasing as well and too low of a cap may make running rental properties unsustainable.
JOEL MARTIN/COLUMBIA BASIN HERALD
OLYMPIA — As many Washingtonians struggle to meet rapidly rising housing costs, companion rent stabilization bills aiming to cap rent and fee increases have sparked significant debate amongst lawmakers, renters and housing developers. The House version passed the Housing Committee in a 9-8 vote and was heard in Appropriations Monday.
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