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 […]
Arizona Lawmakers Propose Ban on Taxing Rent Payments
Estimated Reading Time: < 1 minute The Arizona House Ways and Means Committee voted to move forward a bill that would scrap the rent tax at the city, town and county levels. If enacted, House Bill 2067 would not allow someone to face a tax if they’re leasing property for residential purposes, starting on Jan. […]
41% of Small Businesses Can’t Pay Rent this Month
Estimated Reading Time: < 1 minute More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year. The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said […]
Police warn homeowners of ‘out of town’ scammers trying to sell, rent vacation properties they don’t own
Police in Southampton, New York, are warning real estate agents and homeowners to be on the lookout for “outsider” scammers looking to make a quick buck by reselling luxury properties they don’t actually own. The Long Island hotspot has seen a “skyrocketing” in scams, where most of the homes are second homes, and it could […]
Red Lobster could shut down 135 more restaurants due to rent
Red Lobster is at risk of closing 135 more restaurants if it can’t renegotiate lease terms, according to bankruptcy documents filed last week. The filing lists 228 rejected lease agreements that the company warned would result in losses if continued without adjustments. According to Restaurant Business. The list of rejected leases includes several of the […]