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Started By
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re: Biden to announce plan to cap rent increases at 5% annually. OP updated with announcement
Posted on 7/15/24 at 6:13 pm to StreamsOfWhiskey
Posted on 7/15/24 at 6:13 pm to StreamsOfWhiskey
It's as if his cabinet is full of 24yr olds and they are simply making shite up as they go for only their benefit.
0
Posted on 7/15/24 at 6:21 pm to stout
Why stop there? Start putting caps on my mortgage, interest rates, electric bills, and gas at the pump while you’re at it
More election season vote grabbing
More election season vote grabbing
Posted on 7/15/24 at 6:23 pm to PhillyTiger90
quote:
Why stop there? Start putting caps on my mortgage, interest rates, electric bills, and gas at the pump while you’re at it
Because financially responsible people aren't the demographic he's trying to buy votes from.
Posted on 7/15/24 at 6:23 pm to da foozball
quote:
Who downvotes this?
quote:
illegal alien invaders
Posted on 7/15/24 at 6:24 pm to Centinel
Make F150s 30k again
Posted on 7/15/24 at 6:25 pm to Displaced
quote:
Is he gonna cap property tax increases/utility rates/maintenance costs, etc too?
1500 mo rent
75 max monthly cap increase
4K increase in insurance cost lol
This post was edited on 7/15/24 at 6:26 pm
Posted on 7/15/24 at 6:26 pm to JimTiger72
Amazing leading up to an election to say this. Is he assuming all landlords are republicans?
Posted on 7/15/24 at 6:27 pm to Chad504boy
The deposit just went from two months to thirty 
Posted on 7/15/24 at 6:27 pm to stout
This would backfire spectacularly.
Posted on 7/15/24 at 6:28 pm to stout
St Paul MN did this once and all construction left there and went to Minneapolis. This would literally cause there to be less housing.
Posted on 7/15/24 at 6:29 pm to stout
Not even NYC does this anymore.
Posted on 7/15/24 at 6:32 pm to stout
It’s almost doubled already. What good is 5% going to do now?
Posted on 7/15/24 at 6:32 pm to stout
Sounds like a DICKtatorship!
Not the land of the free!
F the worst damn president ever!
Not the land of the free!
F the worst damn president ever!
Posted on 7/15/24 at 6:42 pm to stout
In six months his administration will be just a shite stain on American history
Posted on 7/15/24 at 6:42 pm to stout
Increases on property taxes, MUD taxes, Insurance, etc... all going to be capped also?
Good lord what an absolute clown. Won't survive in court for 10 minutes. Appealing to the dumbest of the dumb that actually think this is possible.
Good lord what an absolute clown. Won't survive in court for 10 minutes. Appealing to the dumbest of the dumb that actually think this is possible.
Posted on 7/15/24 at 6:44 pm to kywildcatfanone
quote:
assuming all landlords are republicans?
I would guess that people/companies with less than 50 rentals are 80% republican. People that have to deal with real problems tend to become republicans.
Posted on 7/15/24 at 6:49 pm to stout
What actually happened the last time price fixing on housing was tried was landlords simply shuttered their units rather than abide an artificial rate resulting in a severe housing shortage. “Hello! Homeless problem already exists!”
Actually happened in the late 60’s/early 70’s. At some point the owners just shut down and tried to wait it out.
Actually happened in the late 60’s/early 70’s. At some point the owners just shut down and tried to wait it out.
Posted on 7/15/24 at 6:50 pm to stout
quote:
Biden himself previewed the announcement at his NATO news conference Thursday, folding it into comments that blamed inflation on companies trying to maximize their profits in the aftermath of the pandemic.
Oh wild, employers now charge more because their employees expect to be paid more. Crazy concept. I would next guess that paying people thousands of dollars not to work would cause this.
Posted on 7/15/24 at 6:50 pm to stout
quote:
the best way to limit housing costs would be through more construction and changes to land use regulations.
More work from home options in tight job markets. Live further away from the office.
Posted on 7/15/24 at 6:55 pm to JimTiger72
quote:
Enjoy your last few months
Actually a bit scary what spud and his frick America buds could try to pull off in the next few months.
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