Posted on 03/02/2019 7:20:49 PM PST by Extremely Extreme Extremist
Oregon is the first state in the nation with statewide rent control.
Gov. Kate Brown signed Senate Bill 608 into law Thursday. It takes effect immediately.
Brown called the legislation a groundbreaking, bold start.
“(This) will provide immediate relief to Oregonians struggling to keep up with rising rents and a tight rental market, but it doesn’t work on its own,” the governor said. “It’s going to take much more work to ensure that every Oregonian in our communities large and small have access to housing choices.”
(Excerpt) Read more at opb.org ...
All that's going to happen is developers will bypass the market and existing units will crumble, or get reclassified as condos.
The homelessness is caused by NIMBYism from elites, subsidization from housing vouchers, and local/state zoning laws that prohibit where builders can build or what specifications they have to meet.
Let them suffer.
No one needs to debate this.
Free housing for everyone is promised by Bernie and AOC, right? Like income guaranteed and health care guaranteed?
They didn’t lie to us, did they?
Rent control in a tight rental market just means more rental housing will not be built, creating a downward spiral. This will not end well.
Plank #1 of the Communist Manifesto: Abolition of private property in land and application of all rents of land to public purpose.
Homelessness is going to skyrocket in Oregon as a result of this bill. Huge rent increases were handed out by many landlords the week before the bill was signed. Others will put their rental houses up for sale.
And they haven’t done a damn thing about the actual housing shortage like fix the zoning issues or reduce the permitting costs (which are huge in the cities with the biggest problems like Portland.
“Choices” in housing? Joking, aren’t they? Owners will soon be unable to maintain facilities, and rentals will become dumps.
How does that work in Pendleton?
Joseph?
Yes, but it will take years before they see the dilapidated properties that owners will refuse to keep up because it would be unprofitable to bother; and most of those to blame will be out of office.
Perhaps some large scale developments will be cancelled, and perhaps the housing market will cool, and maybe property tax income and property transaction tax revenues will start to fall sooner than that, which would be the warning signs for them to wake up.
Translation: We are going to be doing a LOT more to take control over your assets and business decisions and residential choices.
Statist idiots talk about ‘choice’ but price floors and caps will revent that very thing.
And we all know the outcome.
Belay that.
Conservatives all know the outcome.
Yeah,Gov: when your people are struggling with a tight rental market, signing a bill that creates a disincentive to build rental housing is the perfect answer... unless you want the problem solved.
It is so simple that only a politician can't understand it.
Watch house prices decline as investors exit the rental market. Downward spiral of all things socialist.
I live in Oregon.
Kate Brown and her fellow goddamned libs who fled California to find refuge in Oregon are destroying this state with their unicorn fart chasing ideology.
She is Cumb Dunt of the first magnitude.
They need to stay away from Texas when they flee.
Socialism defeating itself, as usual.
Unfortunately, we do. Housing is not a Constitutional right. We cannot concede this issue to the Left because it'll have unintended consequences, like Obama and his Affirmative Living plan where he wanted to ghettoize the suburbs.
If rental units are high, why are there not developers trying to get into that market? Like SF, there should be developers lining up to build units. But they're not because of the zoning laws and other bone-headed decisions by city councils.
The idea of “zoning” did not exist prior to Marxism
Zoning abolished private property
Property Taxes abolished private property
Rent control abolished private property
Welcome to Soviet Socialist States of America Comrade
Us Government Socialists took your property right from under your nose, we scared you into giving up your property rights, we told you it was for your own good or for the greater good for all of us. We stole your land without a single shot, heck we let you keep your little toy guns, for now.
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