In their letter responding to Will Rolf's Tuesday opinion piece, "Let's not relive the rent control nightmare others endured," two Wednesday readers write in "What other solutions do opponents suggest?" that Rolf's position makes them more likely to vote "yes" on rent control. Their logic: Because people need reliably affordable homes, this is the right thing to do. No consideration for what the actual effects will be on the housing stock — and average rents — in the city.
My family has owned and operated a small number of rental units since before I was born, and my life has largely revolved around the needs of tenants and the demands of aging buildings. Operational costs make the finances marginal, but we've tried to keep rents affordable. Flexibility in raising rents is critical for us and other small operators to remain viable.
Minneapolis City Question 3 could give the City Council the right to enact rent control unilaterally. While council members may choose to seek more data and/or put a proposal to voters in a future election, I do not trust them. The current council has already shown its unwillingness to adequately consider real-world consequences because its members are fixated on the righteousness of their cause.
Make no mistake: If rent control is enacted in the city, naturally occurring affordable housing units will be permanently lost, and average rent will go up faster than it otherwise would have. Please consider this when deciding how to vote.
Sarah Rohwedder, Minneapolis
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On Oct. 6, a letter writer claimed that owners of rental property do not support the rent stabilization initiative. My husband and I have been small rental owners for nearly 20 years in South St. Paul but live in St. Paul. We will vote "yes" on rent stabilization. We have rarely raised rent across those years and have never raised them anywhere near 3%. Because of that, our renters stay for long periods of time, generally only moving because they have saved enough to buy a home. We have had great tenants and appreciate renter stability. We don't lose money to vacancies, don't need to market the property, etc.
It is a win for renters and mom-and-pop landlords.