“Were I an owner of a rental unit in Oregon, I wouldn’t put a dime into anything I owned.”
When your tenants complain to the government, you’ll be fined until you comply or the government has so many liens on the property it becomes theirs.
Rent control is disastrous (doesn’t work here in the NJ towns that have it); I guess it is the next step in “stabilizing neighborhoods” when the old method - home ownership - is going the way of the dodo. Municipal and state government in socialist dumps have to stop the flight not just of wealth in terms of employers, but their workers as well - and this would fit with that policy (moving would require rent calculations that wouldn’t be so skewed if your rent wasn’t artificially held down in a dying, expensive area). Just a massive government intrusion in the same vein as the healthcare, education, affirmative action quotas in hiring, etc. - screwing with supply-and-demand dynamics.
Besides the impact on landlords, how much is anyone going to invest in a brick-and-mortar building (home or business) if rent-controlled gibsmedats are on the same block/in the same neighborhood? NYC was in the news a couple of weeks ago because they were re-directing their parasite class to Newark NJ; it probably would’ve been unnoticed but the new digs were deteriorating dumps, and the media got involved (now this new victim class has a name: “forgotten families”). You know access to work isn’t one of the criterion when you move people like that...
That's what I mean about walking away. Run it into the ground, when there's nothing left, walk away and let the city/state take it and be OUT OF OREGON before that happens.