Re:Oregon passed sweeping housing crisis laws
by RussianCow on Saturday July 20, 2019 @03:20PM
(#20487730)
Small nitpick, but the actual cap seems higher than 7%:
> The resulting legislation would cap rents statewide at 7% annually plus inflation
Which, if I'm reading that correctly, would put the real cap closer to 9-10%.
I don't have a strong opinion about this, but a 10% cap on rent increases seems reasonable to me, keeping in mind that this only applies to existing tenants—if the tenant leaves, you can increase rent by however much you want. This seems like a fair way to help reduce the number of people that are priced out of their homes, without significantly impacting landlords. That said, I'm personally more excited about the zoning changes; single-family zoning was never a good idea IMO, and it's great to see Oregon slowly moving away from that.
> The resulting legislation would cap rents statewide at 7% annually plus inflation
Which, if I'm reading that correctly, would put the real cap closer to 9-10%.
I don't have a strong opinion about this, but a 10% cap on rent increases seems reasonable to me, keeping in mind that this only applies to existing tenants—if the tenant leaves, you can increase rent by however much you want. This seems like a fair way to help reduce the number of people that are priced out of their homes, without significantly impacting landlords. That said, I'm personally more excited about the zoning changes; single-family zoning was never a good idea IMO, and it's great to see Oregon slowly moving away from that.