This City Is Prohibiting Rent Hikes for Most Tenants Until 2023. Will More Follow Suit?

Many people have seen their finances upended since the start of the COVID-19 pandemic. And while the economy is, thankfully, in a much better place now than it was earlier on in the health crisis, a lot of people have yet to recover. That includes tenants and landlords alike.

For much of the pandemic, there was a federal eviction ban in place that prohibited landlords from removing tenants on the basis of nonpayment. And while that eviction ban expired in mid-2021, many cities and states opted to extend their own protections, especially in the wake of the horrendously slow rollout of rental assistance funds.

Meanwhile, some cities are taking additional steps to protect tenants at a time when rent prices are soaring on a national level. But those protections could end up hurting landlords substantially.

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Source Fool.com