cross-posted from: https://lemmy.world/post/17616123
Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
cross-posted from: https://lemmy.world/post/17616123
Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
I understand interest rates, what does that have to do with an ineffective rent cap?
Would a 5% raise solve your financial problems? Probably not. So then, would you turn it down? Financial success is multi-faceted. No one solution will get you there. Take what you can and build up layer by layer.
You’re not as clever as you think. That’s not equivalent. You still get something out of a small raise.
You get nothing from a rent cap it rents have stopped rising. He should have done this 4 years ago.
This is not a multifaceted solution. It’s an impotent one intended to fool people into believing he’s making bold moves against rent inflation.
I’ve had my rent go up 20% in a single year ($1200 to $1450 monthly). 5% rent cap would have been more raises than I got in the next 5 years ($0).
And now in the present rents are declining. You’re just being obtuse, probably a Biden supporter.