Rapidcreek@lemmy.world to politics @lemmy.world · 5 months agoBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comexternal-linkmessage-square69fedilinkarrow-up1326arrow-down110cross-posted to: [email protected]
arrow-up1316arrow-down1external-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 · 5 months agomessage-square69fedilinkcross-posted to: [email protected]
minus-squareMehBlah@lemmy.worldlinkfedilinkarrow-up4·5 months agoHow about set that cap at 1/4 average monthly wages for a state or county or even a city.
minus-squarepewter@lemmy.worldlinkfedilinkarrow-up3arrow-down1·5 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-squareMehBlah@lemmy.worldlinkfedilinkarrow-up1·5 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.