 The president this week will unveil a plan to cap annual rent increases at 5% for tenants of major landlords with over 50 properties. The proposal would strip tax benefits from landlords who raise rents more than 5%. The plan aims to address soaring housing costs that have contributed to inflation and undermine the president's standing with voters on economic issues. The average national rent stands at $1,411 per month. Seattle's average is $2,196. Tim Holt, Northwest News Radio.