this post was submitted on 17 Jul 2024
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Housing Bubble 2: Return of the Ugly

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

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SeattleRain@lemmy.world
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A little late (apnews.com)
submitted 4 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world
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cross-posted from: https://lemmy.world/post/17616123

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

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[โ€“] 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).

[โ€“] 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.