Gumburcules t1_jacwnvk wrote on February 28, 2023 at 3:14 PM

Reply to comment by medievalmachine in D.C. Tenants in Rent-Controlled Units Could See as Much as 8.9 Percent Increases by rennbrig

No, it's all because of DC Official Code § 42-3501.01 otherwise known as the Rental Housing Act of 1985.

The DC council created a specific formula governing the amount landlords can raise the rent in that law, and this is the number allowed this year via that formula. Pricing software has literally nothing to do with this at all.

medievalmachine t1_jadb4z1 wrote on February 28, 2023 at 4:49 PM

So they determine that with dice or darts? Are you sure they don’t determine that with market rates?

Gumburcules t1_jadbzq5 wrote on February 28, 2023 at 4:55 PM

So not only did you not read the article, you didn't even read the headline?

> D.C. Tenants in Rent-Controlled Units Could See as Much as 8.9 Percent Increases

It's literally just reporting what the legal maximum rent increase is this year according to DC's rent control laws. Again, pricing software or market rates have nothing to do with the maximum allowable increase, it's the same calculation every year since 1985, "CPI + 2% but no more than 10%."

Imagine trying to be so snarky while demonstrating such profound ignorance.

medievalmachine t1_jadwqt1 wrote on February 28, 2023 at 7:05 PM

CPI includes housing.

Fair enough? It was a tangential outrage comment I threw out there, but it’s absolutely relevant. Monopolistic price fixing and artificial scarcity is occurring in the housing market and that is causing inflation (CPI increases if you prefer).