In an opinion piece, California-based housing developer Rick Snyder stresses that a proposal to impose rent control on loans backed by Freddie Mac and Fannie Mae would only worsen housing affordability. “Federal rent control would have a destabilizing impact on America’s housing market and capital markets more broadly. You don’t need to be a housing policy expert to realize that we actually need to increase housing supply in order to actually help those who need affordable places to live,” he writes. – Times of San Diego
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