The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Monday, February 25, 2019
The New York Times on Oregon's Rent Control Bill
The New York Times published an article discussing Oregon's proposal for statewide rent control, which is likely to go to the House floor for a vote this week. The Times looks at rent trends throughout the state that have led to calls for state level mitigation - a 21% rent increase in Bend over the last three years, a 2% vacancy rate in Medford, and increasing commutes for University of Oregon students who can't afford to live in Eugene. The article also points out that Portland has some of the strongest tenant protections in the nation. Read more.