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Originally Posted by sob
What about rent-controlled areas?
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I've never lived in a rent control area but from a few short searches on google it seems that there are Rent Control Boards that adjust rates each year taking into account increases in utility, taxes and maintenance.
Don't get me wrong, I'm not advocating rent control. How big of a property tax problem is rent control anyway? Aren't the vast majority of rental units uncontrolled?