Since when the landlord becomes the tenant personal banker?

[Kelvin Lee]

http://northwestapartmentinvestor.blogspot.com/201...

So now does the landlord is obligated to shop for the bank bearing highest interest for the tenants? Or the landlord will be penalized if fails to do so? How about paying tenants dividend or 10% captain gain as if they are the shareholder of your rental property? 

Chloe Eudaly needs to use her time on fixing the broken bridges getting ready for the BIG ONE and filling pot holes all over PDX.

[Adam Cornell]

Originally posted by @Matt Garboden:

 @Max Brunke I get it, those are valid statements, but isn't the commissioner's concern for rent affordability valid, as well? This isn't a vigilante legislator. There's a large portion of the city's population calling for something to be done. It feels as if you're dismissing one side of an equation. Is there something you would propose to help with this problem?

After all, the real estate market is a free one and if the returns desired aren't there, capital will flow elsewhere, prices come down, necessary rents come down, rinse, repeat. Correct?

Yes Max, affordability is a problem, and Chloe is trying to "do something" about it. Milton Friedman said (approximately), policy should not be judged by intentions, but rather outcomes. Remains to be seen whether these policies will solve the Portland housing 'crisis,' doubtful. On the other hand this crisis has already been used as a pretext to erode individual liberties, which could turn out to be a bigger deal in the long run. Regardless of cash flow, ROI, my optimism about Portland in general, I am reluctant to invest more in a city and likely the state want to increasingly constrain my business and property. Just philosophically does not suit me. Surely I am not alone. Reduced investment, reduced new units, and that outcome is presently in affect.  I already know the new rules better than the people who wrote them and I will continue to be the best landlord my tenants ever had.  However, if the city (people) of Portland want me to put more skin in the game then they will have to put their money where their votes are. This could take the form of a means tested voucher system funded by all residents if.