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    Freddie Mac Has a New Plan to Cap Rent Increases

    We have had several posts about rent control and its harmful unintended consequences, and now this: The Wall Street Journal (as reposted by Realtor.com) is reporting that Freddie Mac (in a new twist in controlling rent increases) is launching a new program that will offer lower-cost financing to owners who agree to cap rent increases for the life of their loans. While similar to “rent control” it differs dramatically in that it is a voluntary arrangement between the private owner and the lender. For more go here.

     

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