@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@jordanlundMlink3•2 months agoIt’s actually worse than that… we capped rents in Oregon and it made things worse. Here’s the problem… If you cap rent increases at 5% per year, there’s no incentive to do anything less than the maximum increase.
It’s actually worse than that… we capped rents in Oregon and it made things worse.
Here’s the problem… If you cap rent increases at 5% per year, there’s no incentive to do anything less than the maximum increase.