3 ms·
In most of the US, I believe there are no laws. California recently passed some legislation limiting rental increases per year, but it's still something like 7-
by xyzzy_plugh 6y ago
In most of the US, I believe there are no laws. California recently passed some legislation limiting rental increases per year, but it's still something like 7-8%, which is ludicrous.
The first world country I'm from has, effectively, nation-wide rent control (varies by region) and rent increases are limited to something around 1%, set each year (tracking inflation somewhat).
In the US, this will work very poorly: a landlord can just bump your rent by exactly the UBI amount and get away with it. Otherwise, they would have to wait for a vacancy to set the rent. But eventually, I agree that the rent would just absorb the UBI in many cases.
- Robotbeat 6y agoOf course, laws against property tax increases but not rent increases.
- blargmaster33 6y agoAnd you end up with black markets an 20+ queues ... Just like in Sweden.