Finance
January 1, House Democrats Blame Corporate Landlords for Rising Rent Costs
House Democrats blamed private equity firms for rising rent prices during a Congressional hearing on Tuesday.
“This predatory purchasing contributes to our nation’s shortage of affordable housing and exacerbates the racial wealth gap,” said Rep. Al Green (D-TX) at the House Financial Services subpanel hearing.
Data shows that rents are up 5.2% compared to last year, according to The Hill.
However, House Republicans say Democratic lawmakers are trying to deflect blame for record-breaking inflation.
“Another day, another new excuse from my friends across the aisle trying to explain [away] their role in causing record-breaking inflation,” Rep. William Timmons (R-S.C.) said. “None of these attempts to explain away inflation have worked.”
Rep. Maxine Waters (D-CA) addressed the criticism, saying the Republican Party “rails” against rising inflation, but its lawmakers “don’t have any answers.”
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Waldo
June 29, 2022 at 2:43 pm
What about all the suppression of rent evictions during covid-19 which was money lost to landlords while they still had to keep paying all the bills accompanying those rental properties. They had to raise the rents after the rent eviction suppression was ended to get what money they had lost.
SICK OF THE BULLSHIT
June 29, 2022 at 3:44 pm
I’m listening to all this BULLSHIT flying around from you IDIOT REPUBLICANS like the Democrats deflecting blame for inflation, your FAT F—, TWICE IMPEACHED, RIOT STARTING, PUKIN’S BED PARTNER BOY FRIEND, started this world wide inflation with his private war, so I would think if you raise the price of RENT for somewhere to live (is that not adding to inflation) or is your brain to small to figure that one out. Now the oil companies could solve a lot of the problem if they would produce more oil but it’s easier to F— OVER the American people which deflects the attention away from them and that way everybody gets to blame the president, if I were Biden I would just give UKRAINE THE PLANES they need and say F— IT I might as well get blamed for something else. All that being said if you flip the coin and FAT F— BLONDIE was president he would probably send all the support Biden gave to Ukraine to his LOVER BOY PUKIN and just let him walk right through Europe seeing he already denounced NATO. Well there’s 2 scenario’s for you braineacts, Russia walks through Europe with HIS FAT BOY FRIENDS help, then PuKin gets together with his other boy friend in China, we all know that PUKIN does nothing but F—ing lie, so where do you think that leaves FAT BOY who PUKIN knows does nothing but lie, so now you have one liar who doesn’t believe the other liar but is more powerful, I’m thinking this would be TRUMP’S RESPONSE f— you guys I’m OUT OF HERE, and MY RESPONSE to that is you can’t seem to pull your heads out of his FAT ASS so I guess everybody has to suffer.