President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.
  • psycho_driver@lemmy.world
    51·
    4 months ago

    5% is crazy talk when workers wages are going up 2.5% per year. Landlords need at least 20% more every year.

    • coolteathatisgreen@lemm.eeEnglish
      42·
      4 months ago

      But if it pass, then it is first win. I fear that landlord are not going to let it happen without a fight

    • vxx@lemmy.world
      11·
      4 months ago

      Is 5% really that crazy when the current rate is 20% as you describe?