President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.
  • jordanlund@lemmy.worldM
    0·
    2 months ago

    It’s actually worse than that… we capped rents in Oregon and it made things worse.

    Here’s the problem… If you cap rent increases at 5% per year, there’s no incentive to do anything less than the maximum increase.