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-square13fedilinkarrow-up10
arrow-up10external-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-square13fedilink
minus-squareTechNerdWizard42@lemmy.worldlinkfedilinkarrow-up0·4 months agoIf 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
minus-squareKevonLooney@lemm.eelinkfedilinkarrow-up0·4 months ago Today it’s 0% usually until a new tenant Oh, you’re serious. Let me laugh even harder.
minus-squareTechNerdWizard42@lemmy.worldlinkfedilinkarrow-up0·4 months agoI 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.
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
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.