Treating the symptom.
Okay I guess. I'll get excited when I see a plan to treat the disease.
this post was submitted on 16 Jul 2024
762 points (97.6% liked)
News
23413 readers
3173 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
There’s no reason to get excited at all. Biden can call for it, but Congress has to write and pass the legislation. Republican House majority won’t let that happen.
Vote in November.
load more comments
(9 replies)
Cool, my rent is still 70% of what I make in a month. It's almost like it's already too late, but I'm too poor and uneducated to be an expert. Got any other ideas?
The best time to do it was any point in the last 100 years. The second best time is now.
load more comments
(1 replies)
load more comments
(7 replies)
5% is crazy talk when workers wages are going up 2.5% per year. Landlords need at least 20% more every year.
But if it pass, then it is first win. I fear that landlord are not going to let it happen without a fight
You gotta get something that will pass
This is what happened in California. The statewide rent control is 5% plus inflation per year, capped at 10% per year. There's a bunch of exclusions too, like the property has to be at least 15 years old, and single-family homes that aren't owned by a corporation are excluded too. I think the builders and landlords had quite a bit of a say in it, hence the limit being so high above inflation (assuming inflation of <=5%).
Still a lot better than it used to be. It applies to month-to-month rentals too, so you can get the flexibility of a month-to-month rental while still having a limit on the rent increase per year. Evictions also need to have just cause and there's a notice period of 60 days if the tenant has lived there for longer than a year.
load more comments
(1 replies)
Man this entire thread is just a perfect encapsulation of the perfect being the enemy of the good. What a bunch of useless chuds.
load more comments
(19 replies)
we have several lifetimes worth of policies to change to fix the mess we are in. this is exactly what Biden should be doing, passing policy after policy in the next few months that have obvious positive results for the common voter. he's not gonna run out of stuff to do if he's re-elected, so he needs to stop holding onto this shit like it's his last wild card of all time.
But that might upset his owners, I mean campaign contributors.
load more comments
(5 replies)
Woah, an actual campaign promise? Maybe the Dems do want to look like they're trying after all.
If Democrats kept their promises we'd have codified Roe, have free healthcare for all, and literally no one would carry student debt but those that haven't yet had time to graduate.
load more comments
(2 replies)
Where I live we've had a 4% cap for a long time. It just means tenants get evicted to increase the price. It's illegal, but the procedure to after landlords cheating the system is so grueling and adversarial, it puts justice beyond the reach of many victims. I can only imagine this being even worse in the US.
If this caps rent even if the tenant changes it'd be something. I don't see how this passes an R house or gets through the "moderate" Dems in the senate.
load more comments
(5 replies)
We have rent stabilization in nyc (for some buildings). It caps the increases, and landlords are obligated to renew your lease if you want to unless you violated it in some serious way. In returnfor haveing a building stabalized, the landlord gets tax incentives.
That’s great!!!
Need to stop corporations buying houses next, and tamper foreigners buying up houses too (almost every country I’ve traveled to won’t let me buy so why not do the same?)
load more comments
(29 replies)
A sensible, too-little-too-late rule, probably full of carveouts and exceptions, that I nonetheless feel really relieved to see. Delayed and watery regulation is better than none, I suppose.
3 years of absurd rent prices and we are just now seeing legislation, wonder why......
load more comments
(1 replies)
As if it would ever last the captured supreme court.
Would be good if he coupled it with a promise to stack the Supreme Court
I suppose he has to do something to signal to voters that he's going to try to fix the housing affordability crisis, but this is pretty meaningless. But, what can he say? The truth? That the housing crisis is an extremely complex problem that will take decades to fix? Probably not going to go over very well.
Not allowing landlords to drive people into homeless on speculation and greed is a good first step to solving the very complex problem that will take decades.
load more comments
(1 replies)
Let's build a million new homes and sell them to people that don't currently own any homes.
Let’s ~~build~~ seize a million new homes and sell them to people that don’t currently own any homes.
FTFY
Fuck these ogres hoarding real estate.
There's no shortage of homes in the US. They're just being hoarded for their increasing value.
load more comments
(2 replies)
load more comments
(1 replies)
In my province the cap for increase was usually around 1.5 - 2% for existing tenants/renewing lease.
The conservative gov went ahead and fucked everything up and said this doesn't apply to anything built after 2005, or new builds - that means any new anything in an existing building.
New basement rooms? No cap. (No cap) But, if the basement had rooms 35 years ago, and you 'build' "new" rooms, it isn't new and falls under the older more tenant friendly laws.
However, between tenants, a landlord can do whatever the fuck they want to prices.
Shitty rooms went from 375 to 700 I'm 5 years.
Hello fellow Ontarians. I feel your pain. It may be little solace but know I bought a house with a basement tenant 3 years ago. Their rent was $1100 a month for a 1 bedroom 3 years ago and it's 1100$ a month now. I don't need the money. Fuck landholding pariahs taking advantage of renters.
load more comments
(1 replies)
Hasn't rent control been shown to be ineffective at making everyone play nice? I feel like it's much more effective to put your finger on the supply/demand balance by subsidizing the supply side.
And not by just giving handouts to corporate landlords, either.
Hasn’t rent control been shown to be ineffective at making everyone play nice?
It's proven effective at causing landlords to scream and cry and publish 10,000 word Op-Eds about how they're going to do a capital strike if the rules aren't changed.
But, when paired with new investment in public housing, its incredibly effective at keeping rental costs stable long term.
Just like with unions, you know it's good for the common people, because the business and property owners speak out against it so strongly. If it's pointless, they could just let it happen. But instead, they rally against it. So you know they're lying when they say it won't matter.
It will matter.
load more comments
(6 replies)
I'm sure this comes with a guaranteed 5% increase to minimum wages at the same time right? ... right? Any amount of minimum wage increase from the last increase 15 years ago?
Prices are already jacked up to an insane level compared to wages, the horse is already out of the barn: This is not going to fix the problem renters face.
load more comments
(1 replies)
Timely.
That translates into rents doubling in less than 15 years
Well mine went up 28% in a year so I’ll take 5%
load more comments
(3 replies)
I'm curious what the federal government can actually do in this situation. Most private leases are contracts under state law, not federal law.
load more comments
(3 replies)
view more: next ›