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Biden rolls out 'Renters Bill of Rights' as lawmakers push for federal rent control laws
Yahoo! News ^ | January 25, 2023 | By Jennifer Schonberger

Posted on 01/25/2023 8:47:07 AM PST by Oldeconomybuyer

In the face of sky-high rents, President Joe Biden is rolling out a new set of principles the White House is calling a "Renters Bill of Rights" in an effort to improve rent affordability and protections for tenants.

The president is directing the Federal Housing Finance Agency (FHFA) to examine limits on rent increases for future investments and actions promoting renter protections. The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have been tapped to root out practices that unfairly prevent applicants and tenants from accessing or staying in housing.

This rollout comes as progressive Democrats have asked Biden to direct different agencies, including the FTC, to limit rent increases. While rent control is common in some cities, there has never been federal residential rent control.

Specifically, lawmakers had called on the president to direct the FTC to issue new regulations defining excessive rent increases and enforce actions against rent gouging, suggestions that are aggressive than what the administration has so far put forth. The letter also asked to have FHFA put in place rent protection for tenants living in properties financed with government-backed mortgage properties, which is more closely aligned with what the president outlined on Wednesday.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: biden; bidenvoters; marxism; pricecontrols; privateproperty; realty; regulations; rent
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To: Oldeconomybuyer

The federal government has no authority on housing or rent control. They can enforce anti discrimination legislation and subsidize what they want (arguably), but the states exclusively have the right to manage housing and rents.

We’d better be thankful the Constitution prohibits the Fed gov from taxing real property under our alloidial system of property ownership.


21 posted on 01/25/2023 9:05:07 AM PST by Nathan _in_Arkansas (Hoist the black flag and begin slitting throats. )
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To: Jeff Chandler

Hah! You bet he will. Then jet off to whatever that tropical place was that he used in the Obamacare case, cynically to shield himself from inquiry/accountability/antipathy.


22 posted on 01/25/2023 9:06:53 AM PST by one guy in new jersey
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To: Magnum44

Yep.

23 posted on 01/25/2023 9:07:39 AM PST by BookmanTheJanitor
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To: Oldeconomybuyer

Here’s another one of those things that will become even more screwed up with the federal government entering the situation.


24 posted on 01/25/2023 9:08:23 AM PST by Allegra
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To: Oldeconomybuyer; Publius

My take? This is just more fodder for the leftist voters and freeloaders. This will gain as much traction as his BOGUS Student Loan Forgiveness program.

Both have been, and will be, struck down in court. Maybe?

Ugh! How I LOATHE these people! And I am so, SO happy I am debt free and no longer renting out properties and flipping houses!


25 posted on 01/25/2023 9:14:09 AM PST by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Oldeconomybuyer

Deep State doesn’t like competition.


26 posted on 01/25/2023 9:17:00 AM PST by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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To: Trump Girl Kit Cat

The messes government ‘do gooders’ create far outweigh any assumed benefit. I wouldn’t want to be a landlord in CA. Unless of course I’m renting fancy trash cans in some sweetheart crony deal to a state agency.


27 posted on 01/25/2023 9:18:18 AM PST by Track9 (You are far too inquisitive not to be seduced…)
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To: Oldeconomybuyer

pedoPIG is like a feral hog gone wild in a china shop.....


28 posted on 01/25/2023 9:20:54 AM PST by lgjhn23 ("On the 8th day, Satan created the progressive liberal to destroy all the good that God created...")
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To: Oldeconomybuyer

I guess office buildings averaging less than half capacity isn’t enough. They want rental apartment real estate to crash, too.


29 posted on 01/25/2023 9:22:47 AM PST by Sooth2222 (“Toute nation a le gouvernement qu’elle mérite.” ("Every nation has the government it deserves.”) )
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To: Magnum44
Stop importing 5 million illegals a year, and rent prices will return to normal.

Well, maybe the new normal. Inflation works on rent too.

Rent control is a very bad idea whose time has not come. My state of Oregon passed statewide rent control in 2019. In less than 2 years it produced a statewide shortage of rental units, and higher rents than ever before -- the old double whammy.

As a landlord I have not had a vacancy since the law passed. I call it The Landlord's Full Occupancy Act of 2019.

30 posted on 01/25/2023 9:23:24 AM PST by CurlyDave
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To: Jim W N

I used to teach the Constitution to 7th graders. We went though it line-by-line, so I have a pretty good idea of what’s in there. Don’t believe controlling rent is one of the enumerated powers. Perhaps someone can point out the relevant provision to me.


31 posted on 01/25/2023 9:23:51 AM PST by hanamizu
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To: Oldeconomybuyer

Rents are high because of strict local and state zoning laws and so-called green energy rules that restrict the building of new units. This will further decrease the supply and allow Blackrock to buy up the remaining units to house illegal aliens.


32 posted on 01/25/2023 9:26:15 AM PST by Extremely Extreme Extremist
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To: Oldeconomybuyer
Nothing creates shortages faster than government-mandated price controls.

With that said, Biden doesn't have Constitutional Authority to do this. Period.

Same as when he tried forgiving making taxpayers pay for student loans they didn't take out.

This won't pass Constitutional muster for a single second. This is political pandering at it's absolute worst.

33 posted on 01/25/2023 9:26:43 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: moovova

Blackrock is in on this. Their REITS soak up the units from defaults. (They get the free money from the Fed Res.). The plan is to destroy the small time landlords.


34 posted on 01/25/2023 9:27:40 AM PST by griswold3 (Truth, Beauty and Goodness )
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To: Track9

Another great thing to rent in Ca. right now would be porta potties for all of the homeless!!


35 posted on 01/25/2023 9:29:30 AM PST by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: Oldeconomybuyer

Is he going to put a limit on rate increases? Because a lot of owners renting those places out don’t own them outright but instead make payments.. and their cost for the property has skyrocketed due to the insane interest rate increases.. They HAVE to increase rent to match, otherwise, they might as well just give the property away. How come they have to suffer through it?


36 posted on 01/25/2023 9:29:44 AM PST by Dubya-M-Dees (Let's see what happens)
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To: griswold3; FlipWilson

And now Blackrock is involved in Ukraine. They’ll rebuild Ukrainian homes...and rent them out.


37 posted on 01/25/2023 9:32:55 AM PST by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: Oldeconomybuyer

Once again, this administration gives the middle finger to the Constitution.

And opens arms for communism another one on the list checked off.


38 posted on 01/25/2023 9:34:03 AM PST by Vaduz (LAWYERS )
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To: Oldeconomybuyer

Dead on arrival in the House and probably the Senate.


39 posted on 01/25/2023 9:35:24 AM PST by Zathras
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To: hanamizu
Don’t believe controlling rent is one of the enumerated powers.

Fedzilla does whole lot of things, vigorously defended on this forum, that are not among the enumerated powers.

40 posted on 01/25/2023 9:38:01 AM PST by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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