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.
Well, for one, it almost certainly won’t pass. So the chances of it becoming law in the first place are pretty low. But even if it were passed, I think it would be difficult to enforce. Even if it were enforced, landlords would just hike the rent 4.99% every year.
4.99% is way better than the 50% my previous landlord tried. You can always vote Republican if you want. See what they’re going to do for you.