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There are many reasons why rents keep going up, in this podcast I highlight why rent control was not a good idea. 

After COVID-19 we saw a rampant raise in inflation. We also began to see new laws, such as rent control begin to surge across different markets. California and New York were two major states that began to see rent control enacted. 

Due to these new laws, landlords that had not raised rents in many years began to raise rents to keep up with inflation but most importantly, to not be affected by these new laws. 

Rents will continue to go up as they make these laws stricter. Do you think rent control is a good idea?

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If you're new here - I'm Jason Lee, CEO/Founder of Nara Advisors (formerly known as JLM Real Estate) and a multifamily real estate investor/developer in San Diego. I own and operate 150 units in San Diego, and have 5 development projects in process. I've learned the game by working with several millionaire to billionaire real estate investors in California, helping them buy, sell, and 1031 exchange to improve their portfolio. In the last few years, my brokerage and team at Nara Advisors have represented over 150 investors and transacted on over $625,000,000 worth of real estate.