Your ballot for the November 8, 2022 election includes an Orange County Rent Stabilization Ordinance for your decision. The smart vote is NO.
Approval of this ordinance will not result in more affordable housing. It will result in LESS HOUSING. This article provides a real world example of the implications. Recent economic realities make it clear that restricting supply drives competition down and prices up.
There are practical ways to realize more affordable housing in central Florida. These include expanding apartment friendly zoning, reducing building fees and regulations, and long term leasing of publicly owned land for private apartment development. Our County Commission should be taking steps that support increasing supply of rental housing, not the opposite.
History is clear that price controls work against their intent, no matter how good the intentions of those imposing them. A NO vote on this issue is recommended.
Regards, Pete Weldon