Bottom post of the previous page:
The enforcement mechanism is tax penalties.emby wrote: ↑Mon Jul 15, 2024 9:50 pm Edit:
Biden is calling for national rent control. Annual rent increases capped at 5%.
I don't know what the enforcement mechanism is. A lawsuit I presume.
I bring it up because I know Pete is going to be opposed to it from a property rights perspective, and I know jack shit about rent control.
Edit: Allow me to clarify, it isn't actually a tax penalty. If you're a landlord that owns 50 or more units and you raise rent by more than 5% per year you lose existing tax benefits given to landlords. That number of 50 units or more comprises a little more than half of the rental properties in the country.