Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.
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If you say you shall only raise by 5%, you will ALWAYS raise by 5%. Today it's 0% usually until a new tenant. Anytime there are forced amounts, you have to raise it because you can't when you need to
Today it's 0% usually until a new tenant
Oh, you're serious. Let me laugh even harder.
I know no private landlords, not mega corps, that raise rent annually. A good tenant is worth lower rent.
With a forced limit, there will be guaranteed raises.
Lol. You must live in the middle of nowhere or know some pretty lazy landlords. Raising the rent yearly is like number one on the list of being a landlord.
If other people are doing it too, where is the tenant going to go? You just match the same market price for a comparable unit. Same with decreases (if that happens).
Not at all. You just must be a shitty tenant.
Where the hell have you been living? When I was renting the rates increased at least yearly, if not more often.
I live in a rent controlled building and from 2017 - 2021 my rent stayed the same, no increases.