Towns could opt out of Illinois rent control ban under proposed law – Crain’s*

rent control Individual towns and cities could decide the statewide ban on rent control no longer applies to them — that is, if legislation proposed in Springfield passes. While statewide efforts to lift the ban move slowly, “it makes a lot of sense to empower local communities to make the decision themselves if they should opt out of the current ban on rent control,” said state Sen. Mike Simmons, whose 7th District covers the lakefront from Rogers Park to Wrigley Field.
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Mary Ladd
8 months ago

Landlords will be prevented from increasing rent, but nothing will prevent the increase in the landlord’s costs (taxes, utilities, etc.). The only options for small, independent landlords will be to cut back on maintenance (and risk becoming a “slumlord”) or sell their buildings to the big guys.

Riverbender
8 months ago

From what I read was that people are angry that people are moving into neighborhoods, fixing up the properties and naturally rent rises as the neighborhoods become better places assuming that what gentrification means. Better neighborhoods mean higher rents so I surmise that the people for rent control don’t want to live in an improved neighborhood.

nixit
8 months ago

Can my town vote to opt out of paying state income taxes?

Giddyap
8 months ago
Reply to  Mark Glennon

Rent control has failed everywhere it’s been tried — the definition of insanity is doing the same thing over and over, and expecting a different result

debtsor
8 months ago
Reply to  Giddyap

Has it? Depends on your perspective. From the viewpoint of a communist, it’s a rousing success. Rent control in New York is apparently a success to these people, while the rest of us search for non-rent controlled properties and pay an average of $5,000 a month.

https://thehill.com/opinion/finance/573841-theres-no-denying-the-data-rent-control-works/

debtsor
8 months ago
Reply to  debtsor

We both know what rent control doesn’t work but it is one of the limited tools that local municipalities have to ‘control’ inflating rent prices. Local communities have no control over inflation, or the Fed sending the value of the currency to zero, and they can’t stop any one of the 20 – 30,000,000 or so illegal immigrants from moving into their community, and each town has little control over the local real estate bills, becuse it’s the county and schools and park districts that comprise most of the bills. So low information voters look to their part-time alderman and… Read more »

Giddyap
8 months ago
Reply to  debtsor

Every communist should have the same career climax as their idol, Che Guevara — shot by a firing squad and body dumped in the jungle

Old Joe
8 months ago
Reply to  Giddyap

Spot on Giddy. If rent control is such a good thing the left should push for gasoline control and food control and…….

ProzacPlease
8 months ago
Reply to  Old Joe

They will.

your dime, your dance floor
8 months ago
Reply to  Old Joe

Nixon, in the 1970’s, put price controls on the price of gasoline after the Arab oil embargo so the price of gasoline would not rise to it’s market level, which consumers thought was too high. The results were disastrous and it took the deregulation of gas prices by Carter and Reagan to solve the gas crisis that government largely created.

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