Posted on 03/02/2019 7:20:49 PM PST by Extremely Extreme Extremist
Maybe the state will start suing the cities to build more low income housing at taxpayer expense.
.
In our neighborhood the price of housing has escalated greatly in the last few years. The number of rentals has decreased drastically. People who were renting their houses have started selling them. The return on the amount of money they can get for the house is more than they can get from rent without all of the hassles. They can also keep from paying capital gains by doing a 1031 property exchange and reinvesting the money in other types of property.
Rent controls would further exacerbate the shortage here by discouraging investment in new apartments and other forms of rental property. It is sad that this misguided legislation harms the poorest people and people just starting out the most. Seattle passed an ordinance forbidding landlords from doing a background check on renters, because violent criminals shouldn’t denied housing.
**and AOC, right?**
I’m for changing her nickname to “Alcatraz”. She’s all about taking away freedom, right?
“but it doesn’t work on its own,” the governor said. “It’s going to take much more work”
Here you have Nicholas Maduro in a skirt! People rag on about California, but Oregon and Washington are way, way more radical than is CA today. Those state’s problem is that their voting population is very concentrated. Much more so than that of California. But give us time. I harp on it daily here, but unless something is done to supersede “One Man, One Vote,” to give the rural areas more power over their own destiny, this process will complete across the country. The RAT-run big cities, will enslave the rest of us.
Unless they DON'T want the problem solved....would be more like it.
How difficult would it be to saw off Western Oregon just west of the Cascades?
“11. Abolition of unearned (work and labour) incomes. Breaking of rent-slavery.
17. We demand a land reform suitable to our needs, provision of a law for the free expropriation of land for the purposes of public utility, abolition of taxes on land and prevention of all speculation in land.”
Straight from the NAZI party platform of 1920. Hitler walked back plank 17 in 1928. So the Oregon politicians are more orthodox Nazis than was Hitler.
It’s become clear that most of the politicians want to maintain known “good” issues for Election use. Never ending.
Trump wants to fix the issues and the rest of the politicians will never sign on.
It’s gross.
They will wonder why there are BMWs, Teslas, and high end Mercedes cars parked out front of rent controlled buildings.
Cue lefties who suddenly have no idea why.
If there is not enough “affordable” housing than in more ways than one government is interfering in the market’s ability to produce it.
Oregon, have messed with housing rules so much, now attempts to go full-socialist, taking completely charge of a market by law, to fix what government interfering in markets created.
What idiots. All they had to to was to look at New York City and its rent control and admit that as for getting more “affordable housing” built, THAT has never happened. Why? Rent control makes it LESS likely that more affordable housing will be built, no matter how many current renters it grandfathers into below market rents.
***Free housing for everyone is promised by Bernie and AOC, right?***
Imagine block after block of Stalinesque monstrosities of apartments, or a thousand Cabrini Green apartments in each city.
who owns your property in Oregon now?
LOL
The next mandate will be for rental companies to build more rental buildings :)
You get a mandate, and you get a mandate, and you get a mandate ! Everyone gets a mandate !
Just TRY calling the super to fix something...
.………..exactly, I’ve developed and built many hundreds of apartments and condos.
I would NEVER, EVER go into a market where I thought there was the slightest chance of Rent Control.
This law will hurt Oregon very badly. New companies know this and will not move there. Its immeasurably stupid and I thought the whole concept was DEAD.
Uh, I live in Wisconsin.
You don’t even have to know economics. It’s just common sense. If you can’t charge enough to make a profit, you go elsewhere or out of business.
Better still, saw off all of the far west coast from all three states, and make a single, very conservative, large state, and erect a wall with guards to keep out the Socialists. I can live without an ocean.
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