Research shows that rent control is a short-term solution that creates long-term problems. Florida Realtors filed a lawsuit against Orange County to block the offer. Florida needs more rental units in many cities. The problem was caused by a number of factors, including the large influx of new residents during the pandemic and the rising cost of building materials.
On August 9, Orange County, by a split decision, had difficulty accepting the proposed referendum, which, if approved, would result in a local rent control decree. Florida realtors, along with the Florida Apartment Association, filed a lawsuit against Orange County to block this proposal from being included in the November bulletin. Florida Realtors CEO Margie Grant says, "Florida realtors have long advocated affordable housing.
Research shows that rent control has unintended consequences that can exacerbate the situation. A better solution would be to create a public-private partnership that would lead to more affordable housing units "According to the Brookings Institution, "While rent control appears to help current tenants in the short term, in the long term it reduces accessibility, promotes beautification and creates negative side effects on surrounding areas". Benefits for a few are short-term, but over time exacerbate the problem of supply and demand.