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These are expensive times due to continuing inflation, which has really had a steep impact on the cost of housing. According to a recent GOBankingRates survey, 73% of people rent versus own, and ...
The frequency and degree of rent increases are limited, usually to the rate of inflation defined by the United States Consumer Price Index or to a fraction thereof. San Francisco, for example, allows annual rent increases of 60% of the CPI, up to a maximum 7%. [65] Rent control laws are often administered by nonelected rent control boards.
Per SB 608, a 2019 Senate Bill that amended existing laws relating to the termination of residential tenancies and rent increases, the Oregon Office of Economic Analysis calculates and publishes ...
Santa Ana, California, limits annual rent increases to 3% for any apartments built before 1995, which is below the state’s rent control cap of 5% plus local inflation.
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
Maine Question 4, formally An Act to Raise the Minimum Wage, [1] is a citizen-initiated referendum question that appeared on the Maine November 8, 2016 statewide ballot. It sought to increase Maine's minimum wage from $7.50 per hour to $12 an hour by 2020, as well as increasing the minimum wage for tipped employees gradually to the same level ...
Still, this increase is more than triple the 2.2% annual rent increase seen during the same month two years ago. Click here for the latest economic news and economic indicators to help you in your ...
In an independent study conducted of 2/3 of the rent controlled apartments in Cambridge in 1988, 246 were households headed by doctors, 298 by lawyers, 265 by architects, 259 by professors, and 220 by engineers. There were 2,650 with students, including 1,503 with graduate students. [9] Those who lived in rent controlled apartments included