Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation - eviltoast
  • phdepressed@sh.itjust.works
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    4 months ago

    If this caps rent even if the tenant changes it’d be something. I don’t see how this passes an R house or gets through the “moderate” Dems in the senate.

    • Cagi@lemmy.ca
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      4 months ago

      It’s certainly an essential piece of the puzzle, but without the other puzzle pieces it is only going to have a minimal effect and is easy to abuse. Better than nothing nothing though, it won’t be a wasted effort if it passes, it just won’t fix anything or curb rent prices on the whole. But it will help people out here and there.

      • phdepressed@sh.itjust.works
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        4 months ago

        It’s not a cap on rent it’s a cap on raising it. Not much different than setting interest rates imo. I don’t know enough law about it but at least it’s an attempt? There’s a lot of talk here about how it doesn’t solve the underlying problem but I don’t see people providing another solution.

        I’d like to see property taxes increased with more single family homes owned. Let businesses keep the apartments let homes become a place to live and not an investment though.

        • ryathal@sh.itjust.works
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          4 months ago

          The problem is rent isn’t interstate commerce. There isn’t a way to justify that there is a national mandate for this, it’s a matter left to states.

          As for property taxes, many states already do this with exemptions for a primary residence that reduces taxes.

          • phdepressed@sh.itjust.works
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            4 months ago

            I’m talking about increased taxes for each additional home so that owning more than 2 or 3 homes becomes financially unviable. This causes an incentive to sell if you own a lot and prevents someone wanting to own a lot in the first place.