Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.
![Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation](https://lemmy.world/pictrs/image/e6572473-5503-4264-b571-1abed68be04e.jpeg?format=webp&thumbnail=256)
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So housing isnt affordable as it is, and this dumb fuck thinks capping unaffordable rent is gonna help?
4 13 ReplyIt's actually worse than that... we capped rents in Oregon and it made things worse.
Here's the problem... If you cap rent increases at 5% per year, there's no incentive to do anything less than the maximum increase.
2 0 ReplyWhy are you down voting this guy? He's right. Yikes
4 0 ReplyMany of them dont like hearing their candidate is a reflection of the people they claim to hate
1 4 Reply
Nice new .ml account. Did you make it purely just to shit on Biden?
3 1 ReplyRemoved, civility.
1 0 ReplyAd Hominem much?
2 5 Reply