Landlords Are Already Fleeing Washington | Mark Harmsworth

Washington Policy On The Go is WPC's bi-weekly (weekly during the legislative session) virtual lunchtime event series featuring center directors and guests to inform you on the latest in Washington State policy research and analysis. This episode focuses on the newly signed rent control bill as well as the looming budget to be signed. 

00:00 - Introduction & show overview
00:28 - Governor Ferguson signs rent control bill (HB 1217)
02:13 - How rent control impacts property owners
05:00 - Consequences for small vs. large landlords
07:05 - Rent caps and tenant turnover effects
11:53 - Future rent control expansions likely
12:42 - International case study: Argentina
14:24 - Housing supply vs. rent policy
17:01 - The budget: record spending and taxes
22:09 - Hidden spending, DEI, and carbon cost breakdown
26:01 - Capital gains & B&O tax consequences
30:26 - Impact on small business & business flight
36:32 - Outstanding bills & final takeaways

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