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News@lemmy.world · 4 months ago

Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation

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Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation

return2ozma@lemmy.world to

News@lemmy.world · 4 months ago

cross-posted to:
politics@lemmy.world

President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.

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4 months ago
Realistically that’s about what it should be. 3% tops. Average worker wages haven’t gone up that much yearly in forever.

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