Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation - eviltoast
  • MehBlah@lemmy.world
    link
    fedilink
    arrow-up
    4
    ·
    4 months ago

    How about set that cap at 1/4 average monthly wages for a state or county or even a city.

    • pewter@lemmy.world
      link
      fedilink
      arrow-up
      3
      arrow-down
      1
      ·
      4 months ago

      That wouldn’t work because some housing is much more expensive than others. It might have more rooms. It might be better built. It might be newer. At least a 5% increase cap would scale with all of those things more appropriately.