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New 7% Rent Cap Bill Passed in Washington: Landlords and Renters in Trouble!
Manage episode 482266398 series 3550146
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On May 7th, Washington state passed a historic rent control bill that caps annual rent increases at 7% plus inflation, or 10%—whichever is lower. With Governor Bob Ferguson expected to sign the legislation, this could mark a major turning point for tenants and property owners statewide. #rentcontrol #washingtonstate #
In this video, we break down what House Bill 1217 means for:
✔️ Washington landlords
✔️ Renters struggling with skyrocketing housing costs
✔️ Investors and developers worried about profit margins
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