The Olympia City Council has once again exhibited its bias towards performative politics. The results of their efforts here will result in fewer single family homes available for rent in Olympia and a stagnation in the development of additional housing. Mom and Pop landlords will sell, and many others will simply move their focus outside the City limits. The corporate landlords that remain will need to protect themselves by increasing rents as much as the market will bear. What they’ve done may look good but it will have the opposite effect from the one they desire.
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