Comment by Grombobulous
19 hours ago
This makes me wonder if these cities are a good study subject in the first place.
Is this a metro area with serious rental price pressure where rent stabilization is greatly altering the market conditions, or is housing so available to begin with that it’s more of a feel-good legislation that doesn’t shift prices around?
It looks like from a quick search that over half of people in this metro area own their own home.
I imagine that rent control in many Midwestern metros is effectively pointless. The rent is already being controlled by flat or declining populations, cheap land, and high homeownership rates.
I mean, it's no SF, but Minneapolis definitely has an affordability problem. Every major city does.
I disagree with your last sentence conceptually. It took me about 20 seconds to find a good condition 3 bedroom home in Cleveland, OH in a well-kept neighborhood for $150k.
https://www.zillow.com/homedetails/4122-W-145th-St-Cleveland...
A lot of the Midwest just doesn’t have housing pressure. Maybe Minneapolis does, maybe Columbus does, but a lot of the other cities do not.