They will end up abandoning them if they lose control of them and can’t afford to repair them. Won’t that be lovely...
I don't get this shit, the lefty's want $250,000 dollar a year dog catchers, so they raise taxes and then realize someone has to pay for $250,000 dollar a year dog catchers....
Oregon set to become first state with mandatory rent controls to address skyrocketing housing costs
Oregon set to become first state with mandatory rent controls to address skyrocketing housing costs
Oregon could be the first state to impose mandatory rent control laws as it faces rising housing costs.
The bill is headed to the state House floor after it was approved by the House Committee On Human Services and Housing on Wednesday, according to The Oregonian.
The bill would prohibit annual rent increases of more than 7 percent plus inflation. It would also prohibit landlords from evicting tenants without cause after 12 months of residency.
Okay, so you can't evict a tenant that's been nothing but a pain in the ass after 12 months? Don't these clowns realize most rental agreements are for 12 months and landlords are virtually helpless until that contract is up?
Where is the landlord supposed to get the money if he or she has a major water problem requiring the digging up of the property and replacing water or sewer lines? How about a removal and replacement of a roof?
Government stands behind these construction unions which cause the price of homes to increase dramatically, and then go after landlords when less people can afford those homes and landlords can capitalize on supply and demand.
Real estate is like any other investment. You work hard, save a lot of money, invest it, and do whatever you can to get the best return on your investment. We don't buy rental property as a social obligation. What landlords will do now is ask premium price for their rental units up front to cover their future losses the government is going to inflict on them. That means less affordable housing.
They can't abandon them because they would lose everything they worked for. What this law will do is decrease the value of rental property. Landlords would get out of the business and sell their properties to rookies who think there's a lot of money to be made.
In my suburb they came out with the most ridiculous regulations. They demand that we have an inspection done on the exterior, interior, and associated rooms with the apartment such as the basement, attic or garage. with each and every new tenant.
These inspections only take place during the day, so they expect landlords to take a day off of work to inspect the place. They always find something stupid wrong, so then you have to take another day off of work to have it re-inspected after you correct what they were complaining about.
The fee for this is $225.00. And if you need work performed by a professional such as an electrician or plumber, you can only use companies on the cities list. You can't hire anybody you want even if they are certified and bonded.
When I complained to my Councilman, he told me that the Mayor said landlords are making too much money in his city, and it's time to spread the wealth. So I told him I'd like to setup a meeting with the Mayor, and perhaps he can show me where all this profit is since my professional tax preparer can't seem to find it. He never got back to me.
