It’s no secret that Seattle is an expensive place to live. A big part of the problem is high rent costs. In the past few years, local housing activists have pushed the idea of a rent cap. One version is getting a hearing in Olympia today on its way to potentially becoming state law.Mike Wilkerson, an urban economist and thedirector of analytics at ECONorthwest, breaks down the different kinds of rent caps and where the proposed law would fit in.We can only make Seattle Now because listeners support us. You have the power! Make the show happen by making a gift to KUOW: https://www.kuow.org/donate/seattlenowAnd we want to hear from you! Follow us on Instagram at SeattleNowPod, or leave us feedback online: https://www.kuow.org/feedback