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100 sats \ 2 replies \ @faithandcredit 29 Aug 2022 \ on: Daily discussion thread
In Denmark they just passed a law to cap rent price increases at 4% over the next two years. This is in response to a term in the contract that raises rent in accordance with the danish equivalent of CPI. This year the rent in these contracts are slated to rise about 10%. Good news for the landlords who had the foresight to put this in the contract, bad news for the people who signed these contracts. But now the politicians have changed them and landlords may only raise rent 4% each year for the next two years.
This is why i say buy bitcoin, its decentralized and there is no cap on the price increase. slightly /s
I imagine this may put-off some people renting out some of their secondary residences also - thereby increasing rents & exacerbating inflation due to under supply - reverse side effects.
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This among other arguments were laid out by the opposition and laid out in national news before the vote but the current administration seems drunk on power so they dont listen to arguments and common sense it seems :)
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