Biden’s 5% cap on apartment rents: Washington's latest economic folly https://mises.org/power-market/bidens-5-cap-apartment-rents-washingtons-latest-economic-folly By Artis Shepherd > Recently, the Biden administration introduced plans to limit increases in apartment rents to 5% annually. originally posted at https://stacker.news/items/618420
That's a nice way to make sure no apartments are available, or if they are, they have zero maintenance and everything is falling apart. This all happened with rent control in NYC (among other places).
After causing 7%+ price increases, it's pretty rich to punish people for raising their rent by 5%.