Would Rent Control Work In Kansas City?!?

Prez Biden's plan didn't get much attention this week and that's mostly because he's likely gonna be a lame duck in a matter of days.

However . . .

We noticed a local official downplaying significant spikes in local rent . . .

Dan Moye, the vice president of Land Development with the Economic Development Corporation of Kansas City. “In Kansas City, five percent would be pretty high for us.”

Moye says beyond landlords who have increased rent to counter inflation, Kansas City’s unlike a larger city that’s seeing rent increases for multiple reasons.

“We don’t really create bubbles, and we’re not driving rents insane curves, so I think we’re pretty safe from anything like that which makes that type of tool not as effective for us,” Moye said.

Actually . . .

The dude must not be looking at housing and/or apartment prices in Midtown that have spiked far beyond that over the past few years. 

Again . . . 

The main problem with rent control and most government tinkering is obvious and at play here in KCMO . . . It drives builders and developers out of the market because there's limited financial incentive to sell housing. 

Read more via www.TonysKansasCity.com link . . .

What federal proposal to put a cap on rent could mean for Kansas City

The Biden administration says its proposed federal rent cap for corporate landlords is a part of a larger effort to make housing more affordable.