Biden Proposing 5% Cap on Housing Rents

[Couchpotato]

Bullshit! What causes $1000 rent increases is GREED.

What causes pretending that inflation causes $1000 rent increases is stupidity.

You lack of knowledge regarding economics is noted.

 

[dblack]

This proposal is potent. There are 112 Million renters in America (34% of the total population).
There are also 32.2 Million businesses. Together these translate into a ton of votes.

If Trump does not reciprocate and propose a rent control law himself (of 5% or lower), he could be handing Biden the election. After the astronomical rent increases of the last few years, to renters and business owners, this is the most serious issue in America. Both have taken a huge hit economically, by the enormously higher rents.

Biden to call for 5% cap on annual rent increases, a critical issue for voters

Corporate landlords would lose the ability to write off depreciation values from their units if they increase tenants' rent more than 5%.

www.aol.com

The Number of Businesses in the USA and Statistics for 2024

The United States has 33.2 million of businesses in 2024. This article include various statistics on business statistics on sectors and more.

www.clearlypayments.com

Decade in review: Number of U.S. renters surpasses 100 million - HousingWire

A recent Rentcafé study shows renter rates have climbed across the country as more and more Americans are now choosing to rent instead of own.

www.housingwire.com

Face it. You're a socialist.

 

[protectionist]

You lack of knowledge regarding economics is noted.

I was an economic college teacher 50 years ago (CCNY). I'm the teacher . You're the student.

 

[protectionist]

Face it. You're a socialist.

See Post # 58.

As for the socialist card, it's been waved 100 times in this this thread. It has no effect when used against one of the most conservative posters in this forum (me), who is a capitalist (owner of 2 businesses).

Now let's look at your credentials. By opposing rent caps, that puts you directly in opposition to 99.99% of all businesses in America, who desperately need those rent caps. That would make you a socialist leftist.

 

[dblack]

See Post # 58.

As for the socialist card, it's been waved 100 times in this this thread. It has no effect when used against one of the most conservative posters in this forum (me), who is a capitalist (owner of 2 businesses).

Now let's look at your credentials. By opposing rent caps, that puts you directly in opposition to 99.99% of all businesses in America, who desperately need those rent caps.

Yep. Socialist.

 

[Burgermeister]

I was an economic college teacher 50 years ago (CCNY). I'm the teacher . You're the student.

Like Paul Krugman, right? LOL.

 

[protectionist]

Thats not far right. Thats totalitarian. IE leftist.
I am going to assume, from your lack of response, you rent from a individual, and this wont even benefit you lol.

Wrong. All the things I stated in Post # 58 are far-right, ultra-conservative, and if you don't support them, you're a liberal.

I also am a 2nd Amendment gun owner/CCW license, anti Muslim, anti-illegal immigration, anti-LGBT lunacy, anti DEI Affirmative Action, pro-Israel, pro business, and pro Trump.

As for renting, yes, I'm both a housing renter, and business owner (twice), both of which are massively damaged by the extreme rent hikes of the past few years. Me and 200+ Million other Americans.

No, I rent from a big company with multiple buildings, but
where I live now isn't too bad. $1,014/month for a 1 bdrm in a new (2022 built) building with a pool, exercise room, & many amenities. In 2 years, my rent has risen $242/month. High, but not as bad as most places. My main beef is with what housing rent spikes have done to my 2 businesses (& thousands of others).

 

[protectionist]

Like Paul Krugman, right? LOL.

Like Donald Trump.

 

[protectionist]

Yep. Socialist.

You ? > In opposition to US businesses.

Let's see you wiggle out of that.

 

[dblack]

You ? > In opposition to US businesses.

Let's see you wiggle out of that.

Out of what?

 

[Couchpotato]

I was an economic college teacher 50 years ago (CCNY). I'm the teacher . You're the student.

That’s one hell of an indictment on our education system…..