Rapidcreek@lemmy.world to politics @lemmy.world · 5 months agoBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comexternal-linkmessage-square69fedilinkarrow-up1321arrow-down110cross-posted to: housing_bubble_2@lemmy.worldnews@lemmy.world
arrow-up1311arrow-down1external-linkBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflationapnews.comRapidcreek@lemmy.world to politics @lemmy.world · 5 months agomessage-square69fedilinkcross-posted to: housing_bubble_2@lemmy.worldnews@lemmy.world
minus-squareSeattleRain@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down2·5 months agoNo, you can still own ONE hotel. The reason why hotel prices are so high in the US is because of the Patel Cartel.
minus-squareSeattleRain@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·5 months agoThey own a bunch of chain hotels (Best Western?), and fix prices. The US has among the highest rates for hotels in the developed world. I recently went to Germany and for the same price I got 4 star amenities for what I’d pay for a very basic motel.
Wait - are you canceling hotels?
No, you can still own ONE hotel. The reason why hotel prices are so high in the US is because of the Patel Cartel.
The Patel Hotel Cartel? Do tell.
They own a bunch of chain hotels (Best Western?), and fix prices. The US has among the highest rates for hotels in the developed world. I recently went to Germany and for the same price I got 4 star amenities for what I’d pay for a very basic motel.