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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 11:26 pm to
Posted by Hondo Blacksheep
Member since Jul 2022
2835 posts
Posted on 7/15/24 at 11:26 pm to
Wage and price controls have always worked amazingly /s
Posted by OWLFAN86
Erotic Novelist
Member since Jun 2004
189576 posts
Posted on 7/15/24 at 11:30 pm to
this is gonna thud
Posted by tgrgrd00
Kenner, LA
Member since Jun 2004
10685 posts
Posted on 7/16/24 at 12:07 am to
I've said it before and I will say it again.

Democrats are the most economically illiterate people ever.
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
68360 posts
Posted on 7/16/24 at 5:09 am to
FJB is such a pandering idiot. This will only create more problems. Goddammit I’m tired of these stupid virtue signaling economic policies.
Posted by HoustonGumbeauxGuy
Member since Jul 2011
31710 posts
Posted on 7/16/24 at 7:01 am to
Renters are about to start seeing random fees to make up for the 5% cap
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53395 posts
Posted on 7/16/24 at 7:07 am to
quote:

Renters are about to start seeing random fees to make up for the 5% cap


I already pay like $80 a month in random fees on top of my rent. It’s frustrating
Posted by Knocksville
The Holler
Member since Jul 2014
1148 posts
Posted on 7/16/24 at 7:10 am to
Yup. Mine has increased 40 percent since 2019. And it’s not like the place has been updated or improved whatsoever. Absolutely wild.
Posted by Fun Bunch
New Orleans
Member since May 2008
124238 posts
Posted on 7/16/24 at 7:11 am to
This is pure vote buying attempt. It will immediately be challenged in Court, and it won’t be decided that it’s UnCon until after the election. He knows this
Posted by GurleyGirl
Georgia
Member since Nov 2015
14183 posts
Posted on 7/16/24 at 7:15 am to
More empty rhetoric from the Biden administration.
His advisors know Biden doesn't have the authority to enact this other than through government housing projects.
Posted by dewster
Chicago
Member since Aug 2006
25991 posts
Posted on 7/16/24 at 7:19 am to
Better hike rents now.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
108313 posts
Posted on 7/16/24 at 7:24 am to
There's no way this won't have negative impacts
This post was edited on 7/16/24 at 7:25 am
Posted by randybobandy
NOLA
Member since Mar 2015
2003 posts
Posted on 7/16/24 at 7:31 am to
FJB
Posted by lsu777
Lake Charles
Member since Jan 2004
34991 posts
Posted on 7/16/24 at 7:33 am to
the ole...I am from the government...I am here to help crap

Im sure this time it will be different



this is more of the BS of them saying...we cant actually fix the problems we created so our solution is just to do something and frick the unintended consequences. Same as the short sighted mother frickers always do
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
283026 posts
Posted on 7/16/24 at 7:38 am to
quote:

This will only create more problems.


Return of the 20th century tenements.


Posted by dgnx6
Member since Feb 2006
80002 posts
Posted on 7/16/24 at 8:16 am to
But I thought there was no inflation and everything was fine?

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
283026 posts
Posted on 7/16/24 at 8:18 am to
quote:

Yup. Mine has increased 40 percent since 2019.


The result of govt infusing cash into the economy even at full employment.
Posted by Cracker
in a box
Member since Nov 2009
18913 posts
Posted on 7/16/24 at 8:43 am to
Whatever my pet fees are 200. A month
Posted by fallguy_1978
Best States #50
Member since Feb 2018
51881 posts
Posted on 7/16/24 at 8:49 am to
quote:

I already pay like $80 a month in random fees on top of my rent. It’s frustrating

Interesting. It's been about 20 years since I've rented.

What are the fees for?
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53395 posts
Posted on 7/16/24 at 8:51 am to
quote:

What are the fees for?


"community fee"

"amenities fee"

"trash fee"
Posted by SuperOcean
Member since Jun 2022
4585 posts
Posted on 7/16/24 at 8:55 am to
He did say he would cure cancer...so he hands out band aids? Same logic with rent caps.
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