Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
apnews.com
President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.
  • SeattleRain@lemmy.worldOPMEnglish
    0·
    4 months ago

    You’re not as clever as you think. That’s not equivalent. You still get something out of a small raise.

    You get nothing from a rent cap it rents have stopped rising. He should have done this 4 years ago.

    This is not a multifaceted solution. It’s an impotent one intended to fool people into believing he’s making bold moves against rent inflation.

    • friend_of_satan@lemmy.worldEnglish
      0·
      4 months ago

      I’ve had my rent go up 20% in a single year ($1200 to $1450 monthly). 5% rent cap would have been more raises than I got in the next 5 years ($0).

      • SeattleRain@lemmy.worldOPMEnglish
        0·
        4 months ago

        And now in the present rents are declining. You’re just being obtuse, probably a Biden supporter.