Across the nation, countless individuals struggle with housing affordability. Rental prices are disproportionately high and continue to increase, putting enormous financial strain on low and middle-income households. This issue is aggravated further by the inconsistent pricing methods of landlords, which often don't reflect the true value of their properties' features such as number of bedrooms, bathrooms, and square footage. We need action now to make housing more affordable and accessible to all. A suitable solution would be to implement a rental price cap that comprehensively considers the features and size of housing units.

A price cap would stimulate fairness and stability in the housing market. Similar systems are used in other countries like Germany and France, resulting in lower housing costs than the U.S.(source: OECD Affordable Housing Database, USA vs France and Germany, 2020). It's time we adopt such measures and ensure that no one is exploited in their search for a comfortable, affordable home.

We urge the policy makers to consider this proposition and take the necessary steps to implement a price cap on rentals based on the number of bedrooms, bathrooms, and square footage of units. By doing so, true value will be reflected, and pricing will become welcomingly transparent for renters. Sign the petition and call for a more balanced housing market.