Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
OutsizedWalrus @ OutsizedWalrus @lemmy.world Posts 0Comments 106Joined 2 yr. ago
OutsizedWalrus @ OutsizedWalrus @lemmy.world
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Here’s the thing, it provides at least some sort of predictability for tenant.
Nothing worse than settling into a place and getting booted because rent goes up 20% or 30%.
This will largely guarantee that rent goes up by 5% every year, but it will limit crazy jumps.