 Now, according to the Washington Post, Biden's plan, which would need to be approved by Congress, calls for stripping a tax benefit from landlords who increase their tenants' rent more than 5% per year. The measure would only apply to landlords who own more than 50 units, which represents roughly half of all rental properties. It would not cover units that have not yet been built in an attempt to ensure the policy does not discourage construction of new rental housing. That's idiotic. Of course it will discourage new rental housing. If I'm about to build a 60-unit place, that just means that it's going to kick in a year from now when I raise the rent 6%.