this post was submitted on 09 Jan 2024
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Those seem incompatible to me.

(UBI means Universal Basic Income, giving everyone a basic income, for free)

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[–] [email protected] 2 points 10 months ago* (last edited 10 months ago) (2 children)

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

the state has rules that prevent local governments from creating their own rent control laws. In simpler terms, landlords in Oklahoma have the power to decide how much rent they want to charge without any legal limitations from the state or local authorities.

[–] [email protected] 1 points 10 months ago (1 children)

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.

[–] [email protected] 1 points 10 months ago

We have law in the entire USA making gun bans illegal, actually.

[–] [email protected] 1 points 10 months ago (1 children)

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?

[–] [email protected] 1 points 10 months ago

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