Oregon, first state wide rent control

[Robert M.]

Well, its a done deal. Oregon just sent an ominous message to real estate investors. We are now the first state to incorporate mandatory statewide rent control with relocation fee's.

What do you think this will do to the market and why?

[Robert M.]

I too think Colorado is not far behind, then California,then Washington,ect.

I worry once rent control is established it becomes a slippery slope. Seven percent could soon become five percent then two percent.   Then there is the relocation fees, now at one months rent. Oregon eliminated no cause evictions as well. I worry socialist government is beginning to be accepted as the new normal, I pray im wrong. Such a different State/country than when I was younger. 

I feel that if the state of Oregon wanted to help improve the affordable housing issue they could do something about land use laws, 40k dollar permits to build a SFH, taxes, or ADU's.

Instead they disincentivize with more regulations. 

Sorry about the rant, but im very disappointed as to how real estate investors are being portrayed within our society. 

Before rent control, I would take a chance on a tenant who was a little shady in ways, but now with no cause evictions gone I will NEVER accept anything less than our criteria as per the law.