Washington's legislators just struck again with a rent cap bill that guarantees housing will be even MORE expensive. While claiming to help vulnerable renters, this 7% cap law is about to backfire spectacularly, driving developers out of state and ensuring landlords maximize EVERY annual increase. $500 million in potential housing investment is already being reconsidered—exactly what the fifth most expensive rental market in America doesn't need. Is anyone surprised that politicians who don't understand basic economics are creating the opposite effect they intended? They're calling it 'relief' while we're calling it what it is: another policy disaster that punishes the very people it claims to help. Subscribe for more examples of government incompetence that officials don't want you to analyze too closely, and share this video to expose how your tax dollars are being wasted on solutions that make problems worse.
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