@return2ozma to News • 2 months agoBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comexternal-linkmessage-square229arrow-up1781arrow-down119cross-posted to: housing_bubble_2politics
arrow-up1762arrow-down1external-linkBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.com@return2ozma to News • 2 months agomessage-square229cross-posted to: housing_bubble_2politics
minus-square@[email protected]linkfedilink1•2 months agoThese two things are not linked. Rent already is as high as the market will bear, property taxes will come out of landlord profits.
minus-square@andrewtalink1•2 months agoHow are they not linked? The taxes have to be paid. The money comes from the rent.
minus-square@[email protected]linkfedilink1•2 months agoLikely not, I think if taxes go up 10% rent will go up 10%+ percent.
minus-square@BytemeisterlinkΕλληνικά2•2 months agoYeah, that doesn’t math out. Also, my rent got hiked 13% last year, despite the taxes remaining the same. Which is why I threw everything I had into getting out of renting.
These two things are not linked. Rent already is as high as the market will bear, property taxes will come out of landlord profits.
How are they not linked? The taxes have to be paid. The money comes from the rent.
Likely not, I think if taxes go up 10% rent will go up 10%+ percent.
Yeah, that doesn’t math out.
Also, my rent got hiked 13% last year, despite the taxes remaining the same. Which is why I threw everything I had into getting out of renting.