Biden Proposes National Rent Control Amid Housing Crisis

The President's plan seeks to cap rent hikes by corporate landlords, sparking debate over economic impacts and housing policies.

Biden's proposal aims to limit rent increases to 5% for corporate landlords owning over 50 units.
The plan requires congressional approval and faces significant political hurdles.
Critics argue that rent control could reduce housing supply and increase dependency on government services.
Supporters believe it could stabilize neighborhoods and protect tenants from sudden rent hikes.
The proposal marks a significant shift in U.S. housing policy, reflecting growing tenant activism.