return2ozma@lemmy.world to News@lemmy.world · 8 months agoBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comexternal-linkmessage-square133fedilinkarrow-up1610arrow-down112
arrow-up1598arrow-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 · 8 months agomessage-square133fedilink
minus-squareTempermentalAnomaly@lemmy.worldlinkfedilinkarrow-up3·8 months agoIsn’t that due to the reassessment of property tax when a new owner purchases the property? And wouldn’t that be solved if the cap persists regardless of ownership change?
minus-squarefireweed@lemmy.worldlinkfedilinkarrow-up3·8 months agoThat just puts an insane value premium on older housing stock
Isn’t that due to the reassessment of property tax when a new owner purchases the property? And wouldn’t that be solved if the cap persists regardless of ownership change?
That just puts an insane value premium on older housing stock