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
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.