From one of the comments: "The City is currently considering a New Law that would Tax property owners more to pay for Tenants Lawyers during EVICTIONS."
1 posted on
04/05/2022 1:23:10 PM PDT by
aimhigh
To: aimhigh
2 posted on
04/05/2022 1:23:56 PM PDT by
SkyDancer
( I make airplanes fly, what's your super power?)
To: aimhigh
Both reports said the declines followed the enactment of new rental regulations. They included a Portland requirement that landlords pay the relocation of tenants who say they cannot afford their rent increases.UNBELIEVABLE.
3 posted on
04/05/2022 1:30:43 PM PDT by
Lizavetta
To: aimhigh
3,987 rental houses were lost in Portland over that period, a 14% reduction. The new report also said 6,417 rental houses were lost in the larger region, an 11% reduction during the same period. . . . . Lost? Did they misplace them? Move them to Seattle? Burn them down? Leave them abandoned? Or were they sold to people who wanted to reside in their newly purchased homes resulting in 3,987 newly owner occupied homes in Portland?
Generally, when a neighborhood goes from owner occupied to rented, it is on the way downhill like where I live. Not too many yet, but more than before. Thus owners moving in would upgrade a neighborhood.
4 posted on
04/05/2022 1:35:38 PM PDT by
KarlInOhio
(If Hitler invaded Hell, I would make at least a favourable reference of the Devil...-Churchill)
I wonder if any rich demonrats are buying cheap peasant free property at bargain basement rates to build the 21st century Elysium
5 posted on
04/05/2022 1:40:45 PM PDT by
dsrtsage
( Complexity is just simple lacking imagination)
To: aimhigh
They win either way.
this allows rack and stacking of people
and furthers agenda 21
7 posted on
04/05/2022 1:46:50 PM PDT by
Secret Agent Man
(Gone Galt; not averse to Going Bronson.)
To: aimhigh
9 posted on
04/05/2022 2:05:45 PM PDT by
mewzilla
(We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
To: aimhigh
Communists always think they can legislate economics. Interesting that the topic of insurance wasn’t raised in the article. I would have to imagine the cost of insurance must have jumped quite a bit after the riots and the unwillingness of the local government to protect property.
11 posted on
04/05/2022 2:13:50 PM PDT by
SeeSharp
To: aimhigh
Once the politicians in Portland Oregon inserted themselves into every rental agreement in the city by not letting landlords evict tenants during COVID-1984, it was inevitable that landlords would walk away. Who would ever take that risk again?
To: aimhigh
What did they think would happen when they imposed a 14 month rent moratorium? Did they think that would increase the supply of rental stock? If they did they are too dumb to breath our oxygen.
14 posted on
04/05/2022 2:19:11 PM PDT by
VTenigma
(Conspiracy theory is the new "spoiler alert")
To: aimhigh
Why would anyone in a socialist regime ever want to be a landlord?
To: aimhigh
If I owned a rental house there, I’d just burn it down, take the insurance money, sell the lot, and build somewhere else. Probably in Idaho.
16 posted on
04/05/2022 2:29:21 PM PDT by
cuban leaf
(My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
To: aimhigh
can’t fix stupid - enjoy the suck portland - you voted for it.
To: aimhigh
I considered renting my PDX home when I decided to move to Seqttle area but I heard enough horror stories that I sold my place and took the money and ran.
The people who are running Portland are insane.
19 posted on
04/05/2022 2:35:38 PM PDT by
Aria
To: aimhigh
Lost? They weren’t lost- they were bought. Mortgage rates in the 3% range for reasonably qualified buyers made owning an option for lots of people who had been long-time renters. If you bought low long ago, you had a large equity buildup as prices escalated. If you bought at the top of the prior market cycle you had the chance to at least break even or take a little profit.
Add in the pro-tenant/anti-landlord regulations in some places and you have a selling incentive.
20 posted on
04/05/2022 2:59:27 PM PDT by
JimRed
(TERM LIMITS, NOW! Militia to the border! TRUTH is the new HATE SPEECH.)
To: aimhigh
Don’t worry, BlackRock and Vanguard will buy them up for when everyone gets to become renters...
22 posted on
04/05/2022 4:27:56 PM PDT by
Axenolith
(WWG1WGA!)
To: aimhigh
Any calamity that happens to Portland, Oregon is MUSIC TO MY EARS!
The city has been so screwed up for so long, it is great to see the crap that they deserve inundate the area.
The “Rose City” stinks and needs a flushing.
All has everything to do with their liberal, commie politics.
26 posted on
04/05/2022 5:05:30 PM PDT by
BatGuano
(Fauci = Mengele (Angel of Death) + End the IRS)
To: aimhigh
I was a landlord once. So was my Dad, once. Once was enough for both of us. He sold, I burned. Game over either way. Wish I still had the property he sold.
Embrace the suck, love the suck.
All that scenic beauty just isn’t worth the trouble.
27 posted on
04/05/2022 7:06:43 PM PDT by
Sequoyah101
(Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
To: Twotone; VeryFRank; Clinging Bitterly; Rio; aimhigh; Hieronymus; bray; 1malumprohibitum; ...
If you would like more information about what’s happening in Oregon, please FReepmail me. Please send me your name by FReepmail if you want to be on this list.
28 posted on
04/06/2022 6:02:21 AM PDT by
Twotone
(While one may vote oneself into socialism one has to shoot oneself out of it.)
To: aimhigh
Why rent when you can be a Portland tent dweller for free.
29 posted on
04/06/2022 6:14:03 AM PDT by
bert
( (KE. NP. N.C. +12) Promoting Afro Heritage diversity will destroy the democrats)
To: aimhigh
There hasn’t been anything to rent in so Oregon since the Alameda fire Sept 2020. I had to buy a place just to have a place to sleep. Don’t know what they plan to do with all the illegals heading to sanctuary Oregon.
31 posted on
04/06/2022 6:17:50 AM PDT by
AuntB
(Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
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