Roughly 4 in 5 U.S. Residents Believe There Should be Caps On Rent Hikes
According to a new Redfin survey conducted by Ipsos in September 2024, 82% of U.S. residents support rent increase caps. The support spans across political affiliations, with 86% of Democrats and 79% of Republicans favoring such measures. The survey, which included 1,802 renters and homebuyers, shows strong support from both renters (86%) and homeowners (78%). Despite public support, Redfin economists warn that rent control could worsen long-term affordability by discouraging new housing development. In California, where statewide rent control already exists, 78% of respondents support caps on rent increases.
Secondo un nuovo sondaggio di Redfin condotto da Ipsos nel settembre 2024, l'82% dei residenti negli Stati Uniti supporta i limiti agli aumenti degli affitti. Questo sostegno attraversa le affiliazioni politiche, con l'86% dei Democratici e il 79% dei Repubblicani a favore di tali misure. Il sondaggio, che ha coinvolto 1.802 inquilini e acquirenti di case, mostra un forte supporto sia da parte degli inquilini (86%) che dei proprietari di casa (78%). Nonostante il supporto pubblico, gli economisti di Redfin avvertono che il controllo degli affitti potrebbe peggiorare l'accessibilità a lungo termine scoraggiando nuovi sviluppi immobiliari. In California, dove esiste già un controllo degli affitti a livello statale, il 78% dei rispondenti supporta i limiti sugli aumenti degli affitti.
Según una nueva encuesta de Redfin realizada por Ipsos en septiembre de 2024, el 82% de los residentes de EE. UU. apoyan los límites a los aumentos de alquiler. Este apoyo abarca diferentes afiliaciones políticas, con un 86% de los demócratas y un 79% de los republicanos a favor de tales medidas. La encuesta, que incluyó a 1,802 inquilinos y compradores de vivienda, muestra un fuerte respaldo tanto de los inquilinos (86%) como de los propietarios (78%). A pesar del apoyo público, los economistas de Redfin advierten que el control de alquileres podría empeorar la asequibilidad a largo plazo al desalentar el desarrollo de nuevas viviendas. En California, donde ya existe un control de alquileres a nivel estatal, el 78% de los encuestados apoyan los límites a los aumentos de alquiler.
2024년 9월 Ipsos가 실시한 Redfin의 새로운 설문조사에 따르면, 미국 거주자의 82%가 임대료 인상 상한선 지지를 표명했습니다. 이 지원은 정치적 정당을 초월하며, 민주당원 중 86%, 공화당원 중 79%가 이러한 조치를 찬성합니다. 1,802명의 임차인과 주택 구매자를 포함한 이 설문조사는 임차인(86%)과 주택 소유자(78%) 모두의 강력한 지지를 보여줍니다. 그러나 대중의 지지에도 불구하고, Redfin 경제학자들은 임대료 통제가 장기적인 주거 접근성을 악화시킬 수 있다고 경고합니다 이는 새로운 주택 개발을 저해할 수 있습니다. 이미 주 전역에서 임대료 통제가 시행되고 있는 캘리포니아에서는 응답자의 78%가 임대료 인상 상한선을 지지합니다.
Selon une nouvelle enquête menée par Redfin et réalisée par Ipsos en septembre 2024, 82 % des résidents américains soutiennent des limites sur les augmentations de loyer. Ce soutien s'étend à travers les affiliations politiques, avec 86 % des démocrates et 79 % des républicains en faveur de telles mesures. L'enquête, qui a inclus 1 802 locataires et acheteurs de maison, témoigne d'un fort soutien tant de la part des locataires (86 %) que des propriétaires (78 %). Malgré ce soutien public, les économistes de Redfin avertissent que le contrôle des loyers pourrait aggraver l'accessibilité à long terme en décourageant le développement de nouveaux logements. En Californie, où un contrôle des loyers est déjà en place à l'échelle de l'État, 78 % des répondants soutiennent des limites sur les augmentations de loyer.
Laut einer neuen Umfrage von Redfin, die im September 2024 von Ipsos durchgeführt wurde, unterstützen 82 % der US-Bewohner Mietobergrenzen. Diese Unterstützung erstreckt sich über politische Zugehörigkeiten hinweg, wobei 86 % der Demokraten und 79 % der Republikaner solche Maßnahmen befürworten. Die Umfrage, an der 1.802 Mieter und Hauskäufer teilnahmen, zeigt eine starke Unterstützung sowohl von Mietern (86 %) als auch von Hausbesitzern (78 %). Trotz der öffentlichen Unterstützung warnen Ökonomen von Redfin, dass Mietkontrollen die langfristige Erschwinglichkeit verschlechtern könnten, indem sie neue Wohnungsbauprojekte entmutigen. In Kalifornien, wo bereits landesweite Mietkontrollen bestehen, unterstützen 78 % der Befragten Begrenzungen für Mieterhöhungen.
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Insights
The overwhelming support for rent control across political lines and housing status reveals a significant disconnect between public sentiment and economic realities. With
This survey data is particularly relevant given Redfin's position as a major real estate platform. The strong support for rent control, even among homeowners (
The survey findings present concerning implications for real estate market dynamics. Widespread implementation of rent control policies could significantly impact property valuations and investment returns in the rental market. Historical evidence from cities with strict rent control shows reduced property maintenance, decreased new construction and eventual market distortions that can harm both landlords and tenants.
For Redfin's business model, which relies on a healthy real estate market, expanded rent control could reduce transaction volumes and property values. The potential spread of California-style regulations to other states could create headwinds for the company's growth in rental market services and overall revenue generation.
The vast majority of respondents to a recent Redfin survey believe there should be caps on the amount landlords are allowed to increase rent, regardless of whether they’re Democrats or Republicans—however, Redfin economists say rent control worsens housing affordability in the long run
The survey data in Redfin’s report is from a commissioned survey conducted by Ipsos in September 2024. The survey was fielded to 1,802 renters and homebuyers aged 18-65, including 188 who live in
Caps on rent increases, also known as rent control, give governments the authority to put a lid on how much landlords are allowed to increase rent each year. The White House proposed a federal rent control policy in July; the policy would cap rent increases on existing units at
The vast majority of respondents believe there should be caps on the amount landlords are allowed to increase rent, regardless of their political affiliation or whether they own or rent the home they live in:
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86% of respondents who identified themselves as Democrats believe there should be caps on the amount landlords are allowed to increase rent, compared with79% of respondents who identified as Republicans. -
86% of renters believe there should be caps, compared with78% of homeowners.
Redfin economists say rent caps can increase rental costs because they make the supply shortage worse
Although most of the people surveyed support rent caps, Redfin economists say that in reality, rent caps increase costs in the long run.
“Rent control sounds appealing for renters in theory because it limits price increases and saves money in the short term, but it eventually worsens rental affordability because it exacerbates the supply shortage,” said Chen Zhao, Redfin’s economic research lead. “If rent increases are capped below the amount developers would need to make a profit, they have little incentive to build more apartments and homes. The best way to make rentals more affordable is to build more units.”
Nearly four of every five respondents who live in
To view the full report, including a chart, please visit: https://www.redfin.com/news/survey-homeowners-renters-support-rent-hikes
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix it up to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241024459548/en/
Contact Redfin
Redfin Journalist Services:
Kenneth Applewhaite
press@redfin.com
Source: Redfin
FAQ
What percentage of U.S. residents support rent control according to Redfin's 2024 survey?
How do Democrats and Republicans differ in their support for rent control in Redfin's 2024 survey?
What is California's current rent control policy according to Redfin?
Why do Redfin economists oppose rent control despite public support?
