@Rapidcreek to politics • 2 months agoBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comexternal-linkmessage-square69arrow-up1327arrow-down110cross-posted to: housing_bubble_2news
arrow-up1317arrow-down1external-linkBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.com@Rapidcreek to politics • 2 months agomessage-square69cross-posted to: housing_bubble_2news
minus-square@MehBlahlink4•2 months agoHow about set that cap at 1/4 average monthly wages for a state or county or even a city.
minus-squarepewterlink2•2 months agoThat wouldn’t work because some housing is much more expensive than others. It might have more rooms. It might be better built. It might be newer. At least a 5% increase cap would scale with all of those things more appropriately.
How about set that cap at 1/4 average monthly wages for a state or county or even a city.
That wouldn’t work because some housing is much more expensive than others. It might have more rooms. It might be better built. It might be newer. At least a 5% increase cap would scale with all of those things more appropriately.
I’m sure there would have to some modifiers but it would work.