Rent control

markem · 02-28-2019, 03:43 PM

Oregon just became the first state with rent control state-wide. The new law limits rent increases to 7% per year.

The motivating statistic was that rent increases in the expensive areas of Portland have increased 30% since 2011.

I'll just wait here while you do the math.

In essence, Oregon has implemented a rent control that allows all previous, but objectionable, rent increases and then some.

In my opinion, the whole purpose of this bill was to trick people into thinking that Portland was not an overpriced market for rent. Hint: it is. Further hint: don't move here if you want to live in PDX proper and rent (only consider the burbs). BTW, houses in the PDX core are now $1M plus. The only good news is that PDX proper is just the 2 mile x 1 mile core.

Oh yeah, there are more expensive places nearby. Noticeably just outside the core.

The Poet · 02-28-2019, 03:57 PM

I have a friend who lives in San Francisco, which makes real estate prices in Portland look like Little Rock. You want to solve the issue? Chase all the high-tech industries out of town.

markem · 02-28-2019, 04:01 PM

Quote:

Originally Posted by The Poet

I have a friend who lives in San Francisco, which makes real estate prices in Portland look like Little Rock. You want to solve the issue? Chase all the high-tech industries out of town.

Sure.

Portland and Seattle, in the highly desirable cores are within 5% of SF.

SF's core is bigger, tho.

I don't care where you live, $3500 per month for a studio is steep.

The Poet · 02-28-2019, 04:13 PM

I'd say $3500/month for a studio is robbery. Hey, I was spending about $1200 for three rooms in NJ, and THAT was robbery.

BigAsh · 02-28-2019, 04:15 PM

Quote:

Originally Posted by The Poet

I'd say $3500/month for a studio is robbery. Hey, I was spending about $1200 for three rooms in NJ, and THAT was robbery.

and in NJ, you probably got robbed!

The Poet · 02-28-2019, 04:20 PM

Quote:

Originally Posted by BigAsh

and in NJ, you probably got robbed!

Nope, but almost did in Philly once.

croatan · 02-28-2019, 11:34 PM

Math is hard. Congrats on the rent control! (It worked for Monica and Rachel)

02-28-2019, 03:43 PM	#1
markem Bunion Join Date: Oct 2008 First Name: Mark Location: Second Star on the Right Posts: 22,622 Trading: (47)	Rent control Oregon just became the first state with rent control state-wide. The new law limits rent increases to 7% per year. The motivating statistic was that rent increases in the expensive areas of Portland have increased 30% since 2011. I'll just wait here while you do the math. In essence, Oregon has implemented a rent control that allows all previous, but objectionable, rent increases and then some. In my opinion, the whole purpose of this bill was to trick people into thinking that Portland was not an overpriced market for rent. Hint: it is. Further hint: don't move here if you want to live in PDX proper and rent (only consider the burbs). BTW, houses in the PDX core are now $1M plus. The only good news is that PDX proper is just the 2 mile x 1 mile core. Oh yeah, there are more expensive places nearby. Noticeably just outside the core. __________________ I refuse to belong to any organization that would have me as a member. ~ Groucho Marx

02-28-2019, 03:57 PM	#2
The Poet Il megglior fabbro Join Date: Jun 2009 First Name: Thomas Location: Hickory, NC Posts: 8,420 Trading: (2)	Re: Rent control I have a friend who lives in San Francisco, which makes real estate prices in Portland look like Little Rock. You want to solve the issue? Chase all the high-tech industries out of town. __________________ Ninety percent of everything is crap - Theodore Sturgeon.

02-28-2019, 04:13 PM	#4
The Poet Il megglior fabbro Join Date: Jun 2009 First Name: Thomas Location: Hickory, NC Posts: 8,420 Trading: (2)	Re: Rent control I'd say $3500/month for a studio is robbery. Hey, I was spending about $1200 for three rooms in NJ, and THAT was robbery. __________________ Ninety percent of everything is crap - Theodore Sturgeon.

02-28-2019, 11:34 PM	#7
croatan Missing Peter Join Date: Oct 2008 First Name: James Location: la Vuelta Abajo Posts: 3,727 Trading: (6)	Re: Rent control Math is hard. Congrats on the rent control! (It worked for Monica and Rachel) __________________ Fumo ergo sum.