Oregon rent control deters multifamily investing

[Robert M.]

 Oregon's Democratic regime passed the first state wide rent control earlier this year. Since the new law has been in effect there has been about a 38% decrease in multifamily investing. (https://pamplinmedia.com/pt/9-news/431988-340732-sources-rent-control-law-cools-investment-in-apartments-?wallit_nosession=1)

The new law seems to be adversely affecting single family investing as well. Several local Real estate brokers have indicated that most of the MLS listed entry point priced homes are/were rentals, investors are leaving the game permanently. The new owners/buyers of the SFH's tend to be owner occupants and must wait 90 plus days for the eviction process to take place before they can move in, but must make mortgage payments and find a place to live during those 90 days. Big government and overwhelming regulation can lead to unintended adverse consequences. Our states housing problems have become even more problematic due to this new law. I believe this will only lead to even more regulation in the near future.

What are your thoughts?