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June 2, 2017
Rent Control's Failure
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There is little debate as to whether the United States has a housing affordability problem. Twenty million American households now spend more than 30 percent of their income on rent. And the problem grows worse each year.
This is a big problem, and one that requires some intervention. However, in the face of such significant housing challenges, some lawmakers are revisiting rent control as a strategy to control housing costs.
NMHC’s Doug Bibby argues that this strategy misses the mark. In fact, rent control policies contribute to declines in property maintenance, stifled development activity, shrinking affordability and a chronic undersupply of rental homes.

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Register Now for Next Week's Emerging Leaders Event in Dallas (June 7)

NMHC’s Emerging Leaders Speakers Series heads to Dallas on June 7, where three local developers will discuss their strategies for profiting from the city’s rental boom.  The event, taking place at the George Bush Library, is open to any under-40 employee of a member firm with more than five years experience. 


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A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
Multifamily Market Dashboard

Regressive Tax System Burdens Renters

The Lincoln Institute of Land Policy recently released a study that found that, on average, apartments face an effective tax rate 35 percent higher than owned homes (“homesteads”) across the country. In some cities, however, the variance is even higher.

This has financial repercussions for apartment renters. According to the study, “While renters do not pay property bills directly, they do pay property taxes indirectly since landlords are able to pass some of their property taxes by increasing rents. Since renters have lower incomes than homeowners on average, preferences given to homesteads relative to apartment buildings will tend to make the property tax system more regressive.”

Upcoming Meetings
2017 NMHC Emerging Leaders Speaker Series Dallas
June 7, 2017 at the George Bush Library, Dallas, TX

2017 NMHC Student Housing Conference & Exposition
September 25 - 27, 2017 at the Tampa Marriott Waterside Hotel & Marina, Tampa, FL
About Apartment Wire
A must-read for top apartment industry professionals, Apartment Wire is a timely review of emerging trends in apartment finance, development, management and technology and more, featuring both exclusive content from NMHC's staff of experts and provocative articles from across the web.
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