Oregon Becomes Petri Dish For State Rent Control

[Elliott]

NYT:
"Oregon is poised to become the first state in the nation to impose statewide limits on how much landlords can raise rents after state lawmakers passed a sweeping measure on Tuesday.

The legislation would generally limit rent increases to 7 percent annually plus the change in the Consumer Price Index, a measure of inflation. Some smaller and newer apartment buildings would be exempt.

The Democrat-controlled House of Representatives passed the bill by a vote of 35 to 25, largely along party lines. It had already been approved by the State Senate, and Gov. Kate Brown, a Democrat, plans to sign the bill, a spokeswoman said Tuesday."


What could go wrong?

 

[Randolph Kinney]

The legislation would generally limit rent increases to 7 percent annually plus ... Some smaller and newer apartment buildings would be exempt.

This is not very controlling is it?

 

[jay trotta]

What State protection does this afford the Owner/Landlord when the Tenant fails to pay Rent ??

 

[Mr Rex]

I always heard that smoking dope would make you stupid. Well, there you have it...

 

[Res Ap]

NYT:
"Oregon is poised to become the first state in the nation to impose statewide limits on how much landlords can raise rents after state lawmakers passed a sweeping measure on Tuesday.

The legislation would generally limit rent increases to 7 percent annually plus the change in the Consumer Price Index, a measure of inflation. Some smaller and newer apartment buildings would be exempt.

The Democrat-controlled House of Representatives passed the bill by a vote of 35 to 25, largely along party lines. It had already been approved by the State Senate, and Gov. Kate Brown, a Democrat, plans to sign the bill, a spokeswoman said Tuesday."


What could go wrong?

 

[Res Ap]

And that is the very reason why we own NO rentals in Portland, because of the bleeding heart liberals in Portland government. 'Nuff said.