I Worry Biden’s Rent Price Control Plan Will Hurt Supply, Harris Doing One for Food Is Good
On Thursday’s episode of NewsNation’s “The Hill,” Rep. Raja Krishnamoorthi (D-Ill.) defended 2024 Democratic presidential candidate Vice President Kamala Harris’ apparent support for food price controls, but said he’s “a little bit worried” about President Joe Biden’s push for rent caps, fearing they will reduce the housing supply. “Your main points are: [2024 Republican presidential […]
Lawmakers’ Airbnb war leaves sky-high rent prices untouched
Politicians unwilling to pursue radical structural reforms to solve large, complex problems often settle for boring proposals that are only half-clever. These proposals usually involve complex plans, are often “supported” by opaque but detailed data, and studiously avoid root causes. Politicians who advocate such proposals benefit from appearing to be actively working to solve the […]
Flavor Flav helps US Olympic athlete pay rent after cries for help on social media
U.S. Olympians are struggling with rent and food prices amid soaring inflation during the upcoming Olympics, and now a rapper is stepping up to help. U.S. discus thrower Veronica Fraley posted on X on Thursday that she couldn’t pay her rent ahead of her Olympic debut on Friday. CLICK HERE FOR MORE SPORTS COVERAGE ON […]
NYC developer Michael Shvo slams $600M suit by exclusive club as ‘cynical ploy’ for rent reduction
A $600 million lawsuit filed by the Core Club, the ultra-exclusive Fifth Avenue power mecca, against a New York real estate mogul is rotten to the core, according to the developer being sued. Core owners Jenny and Danjean Enterprises alleged last month that real estate mogul Michael Shvot reneged on a deal to acquire a […]
Spokane floats commercial rent control despite potential legal challenges
(The Center Square) – Spokane is considering whether to expand its residential rent protections to commercial properties, which could result in legal challenges, while also fining vacant property owners. The city council passed a pair of rental protection measures over the past few months, first expanding the notice period when increasing rates, then codifying a […]
The Political Calculus Behind Biden’s Awful Rent Control Scheme
Why is Biden pushing for something as stupid as rent control? The Biden administration this week announced the move as a political expediency disguised as economic policy. National Rent Control. Yesterday, we detailed the economic problems with this plan. But this analysis of a fundamentally flawed housing policy raises the question: Why would any serious […]
Biden’s Cynical and Dangerous Rent Control Scheme
Biden’s failed rent control proposal President Joe Biden on Tuesday Nationwide rent control scheme Limit annual rent increases to $55. Biden made the remarks at the 115th NAACP National Convention in Las Vegas as part of a campaign to stem the tide of black voters flocking to Trump’s camp. A new, large-scale rent control programHowever, […]
Biden's rent cap plan
Business and Economics Full text Teachers union leader celebrates Teamsters leader’s ‘scathing attack on big business’ in Republican National Convention speech American Federation of Teachers President Randi Weingarten said she was “pleased” that Teamsters President Sean O’Brien spoke at the Republican National Convention. Full text Sanders highlights Amazon’s ‘corporate greed’ and warehouse injuries […]
Biden says rent is too damn high — almost — as he courts Vegas voters
LAS VEGAS — President Biden said Tuesday that “rent is too high.” Well, pretty much. “Decades of failing to build enough housing have left rents too high and homebuying out of reach for many working families and young Americans,” the president said in a statement released from the White House as he prepared to speak […]
Biden proposes eliminating tax breaks for landlords who raise rent more than 5 percent
President Biden on Tuesday proposed eliminating tax breaks for landlords who raise renters’ rent by more than 5% annually as part of his administration’s larger effort to lower housing costs. The president called on Congress to pass a bill that would prohibit corporate landlords who increase rents by more than 5 percent per year from […]