Posted inOpinion

OP-ED | Rent Caps Are A Failed Idea

John Souza, of the CT Coalition of Property Owners, says world events and the government response to the pandemic has fanned the fires of rising prices not seen since the early 1980s, and inflation has ravaged our economy in the last 3 years from the start of the pandemic. In fact from January 2020 through January 2023 we have had a cumulative 16% increase in the CPI. It’s no wonder, then, that both tenants and housing providers have felt the pain of dealing with rising prices.