return2ozma@lemmy.world to News@lemmy.world · 4 months agoBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comexternal-linkmessage-square227fedilinkarrow-up1781arrow-down119cross-posted to: housing_bubble_2@lemmy.worldpolitics@lemmy.world
arrow-up1762arrow-down1external-linkBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comreturn2ozma@lemmy.world to News@lemmy.world · 4 months agomessage-square227fedilinkcross-posted to: housing_bubble_2@lemmy.worldpolitics@lemmy.world
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up2·4 months agoThe problem is rent isn’t interstate commerce. There isn’t a way to justify that there is a national mandate for this, it’s a matter left to states. As for property taxes, many states already do this with exemptions for a primary residence that reduces taxes.
minus-squarephdepressed@sh.itjust.workslinkfedilinkarrow-up3·4 months agoI’m talking about increased taxes for each additional home so that owning more than 2 or 3 homes becomes financially unviable. This causes an incentive to sell if you own a lot and prevents someone wanting to own a lot in the first place.
The problem is rent isn’t interstate commerce. There isn’t a way to justify that there is a national mandate for this, it’s a matter left to states.
As for property taxes, many states already do this with exemptions for a primary residence that reduces taxes.
I’m talking about increased taxes for each additional home so that owning more than 2 or 3 homes becomes financially unviable. This causes an incentive to sell if you own a lot and prevents someone wanting to own a lot in the first place.