The latest news of interest to multifamily housing investors in Oregon and Washington.
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Friday, October 7, 2016
Tina Kotek Opinion in Oregonian: "Rent Stabilization Will Be On the Docket"
The Oregonian published an opinion piece today by Oregon House Speaker Tina Kotek, in which she calls for an end to "no cause" evictions and specifically states that "rent stabilization will be on the docket" in this coming legislative session, which begins February 1, 2017. Along with this she also calls for more units to be built, despite the fact that rent control has been proven to greatly slow, and in some cases stop, investment in new housing. "Some developers and property owners are making excessive profit and benefiting from this housing crisis," she wrote. Read more.