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.
who owns your property in Oregon now?
Just TRY calling the super to fix something...
Those who fail to learn from history ......
this will do noting but price everyone except the wealthy out of Oregon ... but not my problem, i don’t live there and never will ...
Leftists hate the concept of private property rights.
Progressives love rent control not because it fixes problems, but because it drives minorities out of their neighborhoods. Rental properties in Oregon will convert to condos and be sold off, at high prices, disproportionally to whites. Blacks will leave the state.
Rent is reality
The mortgage game is ridiculous
We’re renting. A house for 3 k thats worth 1.5 m
Pencil that
Now look we’ve got lots of experience with rent control here in California Berkeley San Fran
just going to places and probably always run into is 10 or later somebody moves out and additionally the landlords don’t want to fix anything because they’re not getting their property values
Rent control doesn’t work no longer how Marxist’s try
The mortgage game is rigged
No way a 1m $ house is worth that when me and my buddies can build for 150$k
This must be tied in with illegal immigration
Oh, and people will own to keep and not rent anymore.... so there
Kate Brown, Office of the Governor, 160 State Capitol, 900 Court Street, Salem, OR 97301-4047. This supremely stupid woman may take the mantle as the stupidest elected official over Patty Murray, just across the state line. God help us, in the interim, mock them again and again, they hate that.
Yep, many of those those apartments and rental houses will not be available for renting in a few short years.
That got me to wondering. Is it possible that there might be a glut of small rental houses for sale shortly at fire sale prices?
Maybe an enterprising investor could snap them up and make a profit at the current rental rates.
Hey, Katie - you ever heard of the Principle of Unintended Consequences? Thought so. But that is what you and the other mentally-ill Liberals, Democrats, Socialists, and Communists do not seem to recognize. All of your “great” ideas are destroying America and Americans.
Fixed it for her.
The fact you cannot build anywhere in the city has nothing to do with this.
Rent control. What could go wrong?
Los Angeles homeless 2.0 in the rain.
Great way to destroy real estate development and renewal of the housing stock...
Look at the bright side of evil. Big cities destroy the 2D highway system with their rampant 3D concentrated, sardine can apartments. Rent control attacks closet high rise apartments, while easing up the highways.
Mankind was meant to live on land, not on concrete and fake trees.
You all have seen it. Drive along the slow narrow highway and along the road are high dense, high rise apartments, who clog the highways.
Rent Control is the only good socialist policy that frees up highways. Builders and tenants do not pay their fair share for highways.
I always proposed the progressive tax on level two and up apartments. Let them pay for ruining your city.
Rent Control is a great thing. Just own a home, and avoid rentals. Now that is good economics.
Rent control is only bad if you refuse to join society and avoid your responsibility to be a property owner.
Life, liberty and PROPERTY, not fuzzy feel good pursuit of happy.
Now for the Law of Unintended Consequences to kick in.
Rent Control = Fascism
Minimum wage = Fascism
Etc.
Which side is fascist?
“Rent Control Needs Retirement, Not a Comeback”
https://www.bloomberg.com/opinion/articles/2018-02-07/rent-control-needs-retirement-not-a-comeback