313
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 09 Jan 2024
313 points (91.5% liked)
Showerthoughts
29246 readers
962 users here now
A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The best ones are thoughts that many people can relate to and they find something funny or interesting in regular stuff.
Rules
- All posts must be showerthoughts
- The entire showerthought must be in the title
- Posts must be original/unique
- Be good to others - no bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia
- Adhere to Lemmy's Code of Conduct
founded 1 year ago
MODERATORS
It depends on local regulations. There's no federal law that limits the rent increase, if given notice. Like I'm pretty sure NYC has some kind of rent control, but at least here in Oklahoma it's not common.
Edit: I found this, and I now feel worse
That's insane! The law of the land is that you can't ban things that limit profit for those with capital. It reminds me of a law that prevents gun bans in Atlanta, GA.
We have law in the entire USA making gun bans illegal, actually.
So you’re telling me rent in OK is off the charts? Or could there be some mechanism other than government limiting how high rents can go?
There's another mechanism, it's just competition. They can't go too high or else they'll price themselves out. Minimum wage here is still $7.25/hr