This is just a soft rent control which isn’t going to increase the supply of housing.
We don’t need this, we need to tax the fuck out of secondary residences and short term rentals.
Lol so he just set a bar that property managers will meet every year. 5% is crazy because that’s far outside what the average person sees in wage increases. Cap it at 2% or less if you want to help. And pass a federal renters bill of rights. And create a Poland esq public housing program so government can actually act as a counter balance to the private market.
Biden and gifts to corporations wrapped as progressive policy.
Name a more iconic duo.
Bjden and not stepping down?
Obama and the ACA
Iirc we lost the public option because of Congress, not Obama.
It is something good but he will need to get more aggressive than that to fix issues with rent/housing.
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.
Where the hell have you been living? When I was renting the rates increased at least yearly, if not more often.
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.
Burying the lede:
But the plan would require solid Democratic control of Congress to become law.
That’s going to apply to pretty much any good legislation for the foreseeable future. The GOP isnt interested in governing whatsoever. People need to understand that if they want shit to even have a chance of getting done they’re gonna have to vote (at a minimum).
Yup. The “O” in GOP stands for “Obstruct”. The GOP has been focused on breaking the government from the inside, so they can then point at it and say nothing works and it should all be privatized instead.
And if we have it…
Biden will once again make an announcement that as defacto party leader there’s no way he can change anyone’s mind and we’re idiots for expecting him to try
So housing isnt affordable as it is, and this dumb fuck thinks capping unaffordable rent is gonna help?
Why are you down voting this guy? He’s right. Yikes
Many of them dont like hearing their candidate is a reflection of the people they claim to hate
What if we make it illegal to own more than 2 residential properties. Yes, 2. Why 2? Because it won’t pull votes away from assholes with a summer house.
AND let’s make it illegal for corporate entities to own livable units, and force them to sell via eminent domain within 180 days.
Wait - are you canceling hotels?
No, you can still own ONE hotel. The reason why hotel prices are so high in the US is because of the Patel Cartel.
The Patel Hotel Cartel? Do tell.
They own a bunch of chain hotels (Best Western?), and fix prices. The US has among the highest rates for hotels in the developed world. I recently went to Germany and for the same price I got 4 star amenities for what I’d pay for a very basic motel.
what about the minimum wage being stuck at $7.25? some wait staff make half that still
Biden is just throwing crumbs around like some elder on a park bench feeding pigeons
