Rapidcreek@lemmy.world to politics @lemmy.world · 4 months agoBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comexternal-linkmessage-square64fedilinkarrow-up1309cross-posted to: housing_bubble_2@lemmy.worldnews@lemmy.world
arrow-up1309external-linkBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comRapidcreek@lemmy.world to politics @lemmy.world · 4 months agomessage-square64fedilinkcross-posted to: housing_bubble_2@lemmy.worldnews@lemmy.world
minus-squareMehBlah@lemmy.worldlinkfedilinkarrow-up3·4 months agoHow about set that cap at 1/4 average monthly wages for a state or county or even a city.
minus-squarepewter@lemmy.worldlinkfedilinkarrow-up3·4 months agoThat 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.
minus-squareMehBlah@lemmy.worldlinkfedilinkarrow-up1·4 months agoI’m sure there would have to some modifiers but it would work.
How about set that cap at 1/4 average monthly wages for a state or county or even a city.
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.
I’m sure there would have to some modifiers but it would work.