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Message
Oregon likely to become first state to enact state-wide control on rent
Posted on 1/25/19 at 10:17 pm
Posted on 1/25/19 at 10:17 pm
LINK
This is more of an economic/societal issue than political, so I posted it here.
I think it is a bad idea, although west coast states are desperate to rein in housing costs. Maybe it will work. The cool thing is that other states can watch the experiment unfold and act accordingly.
A much better solution is to radically lax zoning laws so more homes/apartment complexes can be constructed.
High renting prices are a symptom of a disease, not the disease itself. The disease itself is too many people chasing too few housing units
This is more of an economic/societal issue than political, so I posted it here.
I think it is a bad idea, although west coast states are desperate to rein in housing costs. Maybe it will work. The cool thing is that other states can watch the experiment unfold and act accordingly.
A much better solution is to radically lax zoning laws so more homes/apartment complexes can be constructed.
High renting prices are a symptom of a disease, not the disease itself. The disease itself is too many people chasing too few housing units
This post was edited on 1/25/19 at 10:20 pm
23
Posted on 1/25/19 at 10:18 pm to HailHailtoMichigan!
Oregon...safe trial run.
Posted on 1/25/19 at 10:20 pm to HailHailtoMichigan!
Hmm, I don’t see Oregon having many 13k apartments for rent
Posted on 1/25/19 at 10:20 pm to HailHailtoMichigan!
I mean that seems like a relatively mild proposal, it just limits the amount rent can be raised to 7 percent annually. I was expecting something far more radical.
Posted on 1/25/19 at 10:20 pm to HailHailtoMichigan!
Saw a WSJ article I couldn't access where Gavin Newsom is suing Huntington Beach for overregulation of its housing market, on the grounds that the regulations are making housing unaffordable.
Oh, the irony of that....
Oh, the irony of that....
Posted on 1/25/19 at 10:23 pm to HailHailtoMichigan!
Some of the things the west coast does makes me wonder why people live in the area. The beaches and weather can't be that great
Posted on 1/25/19 at 10:25 pm to HailHailtoMichigan!
Surprised they're rolling it out statewide right off the bat. I can see the shortsighted reasoning but it will have its ramifications in other areas, naturally. Off the top of my head, if I'm a developer, the easiest way to combat the control is to offer housing but with much less amenities or comforts. Reducing cost per sf.
Posted on 1/25/19 at 10:25 pm to HailHailtoMichigan!
I’m not sure that this is Constitutional. But frick those socialists.
Posted on 1/25/19 at 10:26 pm to tduecen
quote:
Some of the things the west coast does makes me wonder why people live in the area. The beaches and weather can't be that great
To the chinese infiltrating that area it's paradise compared to what they are use to.
Posted on 1/25/19 at 10:27 pm to HailHailtoMichigan!
can you smoke weed in your rental? 
Posted on 1/25/19 at 10:29 pm to tduecen
quote:
Some of the things the west coast does makes me wonder why people live in the area. The beaches and weather can't be that great
I mean, it is pretty awesome.
Posted on 1/25/19 at 10:31 pm to GetCocky11
I mean as many times as I've been the beaches seem crowded and the weather sucks outside of the southern portion
Posted on 1/25/19 at 10:54 pm to HailHailtoMichigan!
quote:
A much better solution is to radically lax zoning laws so more homes/apartment complexes can be constructed.
You would think increasing supply would reduce demand and therefore costs. But even in a city like Dallas with almost no restrictions on what can be built, housing costs are sky rocketing even though thousands of rental units have come on the market and more are being built. But rents keep going up yearly. A big part of the problem is old affordable houses and apartments are being torn down for the new stuff and the new stuff is all high end. So really, in many cities, a restriction on tearing down old stuff would help keep prices lower. But the capitalistic market dictates the highest and best use of a lot.
Posted on 1/25/19 at 10:56 pm to GetCocky11
quote:
I mean, it is pretty awesome.
Oregon is beautiful and has a mostly homogeneous population with plenty of skilled labor and good jobs to go with it. Plus weed is legal
it’s just about perfect
Posted on 1/25/19 at 10:57 pm to HailHailtoMichigan!
My company is HQ in Oregon. Hell they can’t even pump their own gas. They are a nanny state wannabe. There is plenty of land for building homes/apartments but they have ridiculous zoning laws and soak the builders with fees and chargers when they can build something.
Posted on 1/25/19 at 10:59 pm to Dawgholio
that’s because they’ve chosen to develop conservatively and protect the natural beauty that makes it a good place to live. Much more attractive than endless strip malls
Posted on 1/25/19 at 11:25 pm to HailHailtoMichigan!
I'm about to move there in a few months.
Not looking forward to that stress.
Not looking forward to that stress.
Posted on 1/25/19 at 11:27 pm to HailHailtoMichigan!
States are incubators for ideas. 49 other states can watch to see if it succeeds or fails. We need more states experimenting and doing things a bit different.
Posted on 1/25/19 at 11:41 pm to DavidTheGnome
Hey Oregon you see all of those Apartment Buildings you just put RENT controls on?
Well I don't see them anymore because those Apartment Buildings were just converted to Condominiums! How is that for your affordable housing rule?
Investors will flee and put those houses up for sale and now the only residents you have are those with good credit and a mortgage! The housing diversity will be incredible to watch!
Oh it will also force every landlord to increase their Rent 7% per year on their tenants.
Year 1: 1000 a month x 7% = $1070.00
Year 5: 1000 a month x 7% per year = $1402.00
Well I don't see them anymore because those Apartment Buildings were just converted to Condominiums! How is that for your affordable housing rule?
Investors will flee and put those houses up for sale and now the only residents you have are those with good credit and a mortgage! The housing diversity will be incredible to watch!
Oh it will also force every landlord to increase their Rent 7% per year on their tenants.
Year 1: 1000 a month x 7% = $1070.00
Year 5: 1000 a month x 7% per year = $1402.00
This post was edited on 1/25/19 at 11:47 pm
Posted on 1/26/19 at 2:36 am to MrLSU
quote:
Year 1: 1000 a month x 7% = $1070.00
Year 5: 1000 a month x 7% per year = $1402.00
I'd take that deal. I Payed $1650 when I moved into my current place in 2016 and it's already up to $2100. FML.
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