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.
  • ryathal@sh.itjust.works
    2·
    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
      3·
      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.