It is economically and intellectually naive to believe the efforts being proposed will do anything other than limit the rental options and increase the costs associated with renting in the City of Olympia, particularly in today’s real estate market. Landlords with one or two properties will likely consider either selling to an owner-occupant or selling to a larger firm who may be less willing to try to keep rents in check. I personally know several landlords who currently refuse to even consider owning rental property in Olympia for fear of this kind of effort. It will backfire.
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