Housing Bubble 2: Return of the Ugly

311 readers

165 users here now

A community for discussing and documenting the second great housing bubble.

founded 6 months ago

MODERATORS

-13

A little late (apnews.com)

submitted 4 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world

11 comments fedilink hide all child comments

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

you are viewing a single comment's thread
view the rest of the comments

[–] SeattleRain@lemmy.world -2 points 4 months ago* (last edited 4 months ago) (1 children)

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.

[–] friend_of_satan@lemmy.world 2 points 4 months ago* (last edited 4 months ago) (1 children)

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).

[–] SeattleRain@lemmy.world -3 points 4 months ago

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