Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation

https://lemmy.world/post/17608544

Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation - Lemmy.World

I suppose he has to do something to signal to voters that he’s going to try to fix the housing affordability crisis, but this is pretty meaningless. But, what can he say? The truth? That the housing crisis is an extremely complex problem that will take decades to fix? Probably not going to go over very well.

That the housing crisis is an extremely complex problem that will take decades to fix?

No? There’s currently on cap on single housing investments, and at the very least private equity needs to be banned from buying housing in any form.