Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
apnews.com
President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.
    • @[email protected]English
      2•2 months ago

      Would a 5% raise solve your financial problems? Probably not. So then, would you turn it down? Financial success is multi-faceted. No one solution will get you there. Take what you can and build up layer by layer.

      • @[email protected]OPMEnglish
        -2•2 months ago

        You’re not as clever as you think. That’s not equivalent. You still get something out of a small raise.

        You get nothing from a rent cap it rents have stopped rising. He should have done this 4 years ago.

        This is not a multifaceted solution. It’s an impotent one intended to fool people into believing he’s making bold moves against rent inflation.

        • @[email protected]English
          2•2 months ago

          I’ve had my rent go up 20% in a single year ($1200 to $1450 monthly). 5% rent cap would have been more raises than I got in the next 5 years ($0).

          • @[email protected]OPMEnglish
            -3•2 months ago

            And now in the present rents are declining. You’re just being obtuse, probably a Biden supporter.