A pedestrian walks down a snowy street in Portland, Ore., on Feb. 5. House lawmakers voted 35-25 on Tuesday for statewide rent control.A pedestrian walks down a snowy street in Portland, Ore., on Feb. 5. House lawmakers voted 35-25 on Tuesday for statewide rent control.Oregon is about to become the first state in the nation to impose rent control on landlords, after lawmakers passed an extensive measure on Tuesday.sailed through the state's House in a 35-25 vote.
Tuesday's vote was split largely along partisan lines. Most Democrats favored the measure, saying it stands to protect renters from exploitation amid a housing crisis.
Any word on Nevada? 😬
Not good
Are they going to also put a cap on: * interest rates for mortgages * insurance premiums on GL * property taxes * capital gains tax * maintenance labor * replacement value of damaged items * attorneys fees Seems a little, one sided. 🤬
GavinNewsom California needs something like this and SOON!!!
I hope they considered the other factors involved, such as high insurance costs, higher cost of building materials, not to mention the increase in property taxes. I see this plan causing rental properties to be sold or going bankrupt, and a sharp decrease of available housing.
Probably create a weird class divide between property owners and renters.
😂😂😂 They think this is going to work? Um, sure. Loopholes? Yep. How about selling one property and buying a similar unit, resetting the clock. Look for 11 month leases to eliminate the month to month payment buyout. There are enough gaps in this, it will be a pain for renters.
That will work well. Don’t expect any improvements to property. Let’s just fast fooand have the government take the land and own it.
California: We're going to drive all our population into surrounding, sane states. Oregon: Hold my ginseng tea.
Wow nanny state
That’s one way to slow down the pesky construction boom...
No one cares about Oregon. Rain rain rain.
I hope my state is next.
RIP Rent prices.