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News@lemmy.world · 2 months ago

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

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

return2ozma@lemmy.world to

News@lemmy.world · 2 months ago

President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.

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psycho_driver@lemmy.world
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2 months ago
5% is crazy talk when workers wages are going up 2.5% per year. Landlords need at least 20% more every year.
- coolteathatisgreen@lemm.ee
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  But if it pass, then it is first win. I fear that landlord are not going to let it happen without a fight
- vxx@lemmy.world
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  Is 5% really that crazy when the current rate is 20% as you describe?

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