Biden is going to announce a national rent cap. 😂
It’s like no one in that admin ever took a basic Econ course. Either that or at this point they’re just throwing populist crap at the wall trying to win votes.
Absurd.
@voltronic @Smersh But since the "invisible hand of the market" apparently wants rent or home ownership to be too high for people to afford, we need to do _something_ to make housing accessible.
To begin with, the whole "housing crisis" is completely artificial. It's been deliberately created by shady investors and their bought politicians. We have 7 times as many empty homes in the US as there are homeless families.
It's an election year. Democrats will _pretend_ to want rent caps.
@voltronic @Smersh the "slum lords" (i.e. the real estate and housing industry) are extremely wealthy and influential donors, who have donated to the campaigns of and fund superpacs that get Democrats (and Republicans, of course) elected.
Rent and home ownership is now insanely expensive and getting worse, and the entire industry is rampantly corrupt and unethical.
I doubt the Democrats have any intention of really reeling in rents. Too many big donors would turn on them.