Opponents of rent control are going to have their hands full if the controversial initiative gets on the statewide ballot next year, as supporters say is now likely. Why? Because the rent-control proposal currently being pushed, as the Globe reports, may resonate with a lot of voters at a time when most everyone is steaming over rising prices and privileged yuppies are clenching their revolutionary fists in support of fellow college grads embracing lunatic 160-year-old policy ideas. …
So what are Beacon Hill Democrats going to do next year when this extreme rent-control initiative likely lands on their desks? It’s not going to be as easily punted as Michelle Wu’s rent-control plan a few sessions ago. This latest proposal applies to every town and city in the commonwealth, not just Boston. Lawmakers are going to have a lot of constituents interested in this bill, from Pittsfield to Provincetown. … Interestingly, Wu doesn’t like the current statewide proposal, as GBH reports. She thinks it’s too one-size-fits-all restrictive and might stunt new housing construction. And that’s from Michelle Wu, not some laissez-faire fanatic. She does have her pragmatic side, don’t forget.
Speaking of new construction and rents, via Banker & Tradesman: “Boston Apartment Rent Hikes Plateau After New Deliveries.” … Gee. Who would have thought? A supply-and-demand solution to the housing crisis.
Update – As I was saying about Democrats, via Commonwealth Beacon: “‘They’re making a huge bet’: Rent control referendum splits progressives.”
