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News • 2 months ago

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

cross-posted to:
housing_bubble_2
politics

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

@return2ozma to

News • 2 months ago

cross-posted to:
housing_bubble_2
politics

President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.

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@disguy_ovahea
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edit-2
2 months ago
There’s no reason to get excited at all. Biden can call for it, but Congress has to write and pass the legislation. Republican House majority won’t let that happen.

Vote in November.

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