My latest blog covers two related topics: the pending state-wide rent control legislation and development going on in the city of Portland. Even though these topics might seem a little dry, they literally could impact every single person in the city of Portland, either directly or indirectly, whether you are a renter or a home owner, along with many people throughout the state.
Debates about rent control legislation are raging
The market as a whole always slows down in winter, but residential inventory has risen dramatically in the past month. There are lots of reasons for that… seasonality, a re-balancing of the market, affordability, etc.
What’s notable is that quite a few former rentals are going on the market, or will be soon, which is likely a “straw that broke the camel’s back” reaction by landlord-investors to a bill that recently passed the Oregon Senate and is now being considered by the House.