Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation

Rapidcreek@lemmy.world to politics @lemmy.world – 311 points –
Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
apnews.com
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So housing isnt affordable as it is, and this dumb fuck thinks capping unaffordable rent is gonna help?

Why are you down voting this guy? He's right. Yikes

Many of them dont like hearing their candidate is a reflection of the people they claim to hate

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.

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