Rent control in Massachusetts could raise rents city-wide by 7%
That's not a typo. And it's not a political opinion.
It's what happened in San Francisco after rent control expanded — based on the Stanford study that economists on both sides of this debate keep citing. Landlords converted apartments to condos.
Supply tightened. The people rent control was supposed to protect ended up paying more.
This November, Massachusetts voters decide whether to cap rents statewide at CPI or 5%, whichever is lower — no vacancy decontrol, no reset between tenants.
Meanwhile, Manchester just passed its first major zoning overhaul in a decade. New Hampshire permitted 5,822 housing units in 2025 — a 20-year high. 62% of those were multifamily.
Two states. Two theories. One data set.
We put together a full breakdown of both approaches — the arguments, the case studies from San Francisco to St. Paul, and what it means for investors operating in New England right now.
Link to the full Candor report is in the comments. Worth a read before November.
What's your take — does this change how you're thinking about your next deal in New England? Let me know in the comments.
#NHRealEstate #RealEstateInvesting #MultifamilyInvesting