Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation - eviltoast
President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.
  • boonhet@lemm.ee
    222·
    4 months ago

    There’s no shortage of homes in the US. They’re just being hoarded for their increasing value.

    • Blackmist@feddit.ukEnglish
      413·
      4 months ago

      I don’t believe that is the case. There is no value in letting a property sit empty accumulating value, when it could be doing exactly that while pulling in a hefty monthly rent.

      It may well be the case that there’s enough homes empty to house everyone, but only if they’re happy to move somewhere they don’t want to be, and where there’s no jobs to pay for them.