@[email protected] to politics @lemmy.world • 2 months agoBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.commessage-square69fedilinkarrow-up1324cross-posted to: [email protected][email protected]
arrow-up1324external-linkBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.com@[email protected] to politics @lemmy.world • 2 months agomessage-square69fedilinkcross-posted to: [email protected][email protected]
minus-square@[email protected]linkfedilink4•2 months agoHow about set that cap at 1/4 average monthly wages for a state or county or even a city.
minus-squarepewterlinkfedilink3•2 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-square@[email protected]linkfedilink1•2 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.