return2ozmaBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
CagiWhere I live we’ve had a 4% cap for a long time. It just means tenants get evicted. It’s illegal, but the procedure to after landlords cheating the system is so grueling and adversarial, it puts justice beyond the reach of many victims. I can only imagine this being even worse in the US.
If this caps rent even if the tenant changes it’d be something. I don’t see how this passes an R house or gets through the “moderate” Dems in the senate.
It’s certainly an essential piece of the puzzle, but without the other puzzle pieces it is only going to have a minimal effect and is easy to abuse. Better than nothing nothing though, it won’t be a wasted effort if it passes, it won’t fix anything but it will help people out here and there.