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

    How about set that cap at 1/4 average monthly wages for a state or county or even a city.

    • pewter@lemmy.world
      31·
      6 months ago

      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.