Biden plan could bring rent control upstate

ALBANY, N.Y. (NEXSTAR) — To address the housing crisis and corporate greed, Pres. Joe Biden proposed capping annual rent increases at 5%. It would apply only to corporate landlords with more than 49 properties for rent, representing about half of all landlords in the market.

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As inflation drives up the cost of living, Biden decried "the idea that corporate-owned housing is able to raise your rent $300...