• SirDerpy@lemmy.world
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    4 months ago

    Not even. Can’t charge more for rent when it’s already max out against income. It’s a placebo that’ll have zero effect. Don’t get too excited about a “plan”. This is the plan.

      • SirDerpy@lemmy.world
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        4 months ago

        The vast majority of individuals must be able to afford to house, feed, and cloth themselves, as well as travel to and from work. If not they will riot. This is bad for economic growth, the mandate of capitalism. It’s particularly bad when the market is still significantly inflated relative the economy.

        It’ll never be written into law. However, Biden’s proposed rent caps under projected inflation, signifying rent has fully saturated its allocation of income. Housing began balancing systemically naturally, human sellers drying up. Landlords have no obstacles.

        I live in a world of nuance. The rent sucks.