Gotta appreciate the attempt but I don’t see this surviving a SCOTUS case unless Biden hits them with “fuck you I’m doing it anyways because you said I’m immune to consequences for it”
Also, it’s not a cap on the rent itself, but rather on how much it can be raised annually, seems watered down but the nordics do the same thing and it actually seems to work better than just straight rent control.
One clear downside, all rent goes up 5% every year going forward. Greedy assholes have to be greedy.
Yeah, but only 5%, that’s still much preferable to the shenanigans they’d pull jacking up the rent multiple times the current rate because they consider the lost revenue of it not being an Air BnB your responsibility to make whole.
Plus if it’s so predictable, it’s stable and can be accounted for instead of sweating an unpredictable rate hike.
