return2ozma@lemmy.world to News@lemmy.world · 2 months agoBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comexternal-linkmessage-square230fedilinkarrow-up1782arrow-down120cross-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 · 2 months agomessage-square230fedilinkcross-posted to: housing_bubble_2@lemmy.worldpolitics@lemmy.world
minus-squareThrowawayPermanente@sh.itjust.workslinkfedilinkarrow-up2arrow-down1·2 months agoThese two things are not linked. Rent already is as high as the market will bear, property taxes will come out of landlord profits.
minus-squaredan1101linkfedilinkarrow-up3arrow-down2·2 months agoLikely not, I think if taxes go up 10% rent will go up 10%+ percent.
minus-squareBytemeister@lemmy.worldlinkfedilinkΕλληνικάarrow-up2·2 months agoYeah, that doesn’t math out. Also, my rent got hiked 13% last year, despite the taxes remaining the same. Which is why I threw everything I had into getting out of renting.
minus-squareandrewta@lemmy.worldlinkfedilinkarrow-up2arrow-down1·2 months agoHow are they not linked? The taxes have to be paid. The money comes from the rent.
These two things are not linked. Rent already is as high as the market will bear, property taxes will come out of landlord profits.
Likely not, I think if taxes go up 10% rent will go up 10%+ percent.
Yeah, that doesn’t math out.
Also, my rent got hiked 13% last year, despite the taxes remaining the same. Which is why I threw everything I had into getting out of renting.
How are they not linked? The taxes have to be paid. The money comes from the rent.