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News@lemmy.world · 5 months ago

Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation

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Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation

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News@lemmy.world · 5 months ago

cross-posted to:
politics@lemmy.world

President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.

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5 months ago

That the housing crisis is an extremely complex problem that will take decades to fix?

No? There’s currently no cap on single housing investments, and at the very least private equity needs to be banned from buying housing in any form.

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