Yes

Also, from a different source

From 2017 to 2022, the average year-over-year increase in rent was 5.77% nationwide, with the biggest increase occurring from 2021 to 2022 at 14.07%.

Generous Joe Biden, capping rent increases nationwide to .77% lower than the nominal increase

"Left wing win" bite me, loser. "Oh but it's still good" Joe Biden's team did 20 minutes of research to figure out what figure they could use that would not upset their corporate donors while still seemingly being 'good enough' to throw out, and it's STILL never gonna happen because they need the legislative and executive branches, and barring Donald Trump dying that won't be happening. And if they are in position where they actually have the ability to enact it, they just won't.

To be honest - I only read the Bluesky text and I then scanned the rest in about 3 seconds. I read enough to know it was funny and the details don't matter at all because it will never happen anyway.