All Forum Posts by: Lara Nicole

@Sharon Rosendahl I agree that Wa & Oregon are intrinsically linked. What counties in Oly Peninsula do you own properties in?

@Steven Tran 

@Steven Tran I visited Seattle recently & it's not nearly as bad as PDX. Other cities have homelessness issues but what makes Portland worse is it's legal to live on the streets so you see tents in every neighborhood & on almost every street corner, unlike other areas.

My question is specifically about the future of Portland, not the current demand.

I moved to Portland, OR with the intent to buy a SFH & house hack or purchase a multi-family. However, Portland has declined substantially in terms of homelessness taking over every neighborhood, trash piles everywhere, increased crime, looting & drug use, graffiti everywhere you look & the tenant laws are very anti-landlord. I just saw a new city proposal of making camping in parks legal. This is already happening esp in Laurelhurst Park but if it passes then we will see all our lovely parks overtaken with tents, trash & more crime. Plus decriminalizing hard core drug possession is only going to increase crime & chaos.

All of these issues are increasing, not declining & I don't see the light at the end of the Portland tunnel anymore. The current & proposed laws are all in the direction of increased homelessness & liberal drug use. I do love certain aspects of the city but have serious doubts about the long-term viability of Portland.

As we stand now, the demand for housing is off the charts with buyers overpaying due to low interest rates, but what are your thoughts on the housing market & Portland's health as a whole 5+ years from now?

Do you see the demand & appreciation for single family homes declining in the near future? I think as the homelessness increases as with the wacky laws & the lack of police officers we will see a major decline in 5+ years. Thoughts?

I moved to Portland, OR with the intent to buy a SFH & house hack or purchase a multi-family. However, Portland has declined substantially in terms of homelessness taking over every neighborhood, trash piles everywhere, increased crime, looting & drug use, graffiti everywhere you look & the tenant laws are very anti-landlord. I just saw a new city proposal of making camping in parks legal. This is already happening esp in Laurelhurst Park but if it passes then we will see all our lovely parks overtaken with tents, trash & more crime. Plus decriminalizing hard core drug possession is only going to increase crime & chaos.

All of these issues are increasing, not declining & I don't see the light at the end of the Portland tunnel anymore. The current & proposed laws are all in the direction of increased homelessness & liberal drug use. I do love certain aspects of the city but have serious doubts about the long-term viability of Portland. 

As we stand now, the demand for housing is off the charts with buyers overpaying due to low interest rates, but what are your thoughts on the housing market & Portland's health as a whole 5+ years from now?

Do you see the demand & appreciation for single family homes declining in the near future? I think as the homelessness increases as with the wacky laws & the lack of police officers we will see a major decline in 5+ years. Thoughts?

I moved to Portland, OR almost 2 years ago with the intent to buy a SFH & house hack. However, Portland has declined substantially in terms of homelessness, trash piles, crime, looting & drug use, but despite this property prices are rising. Due to the anti landlord laws & the above I'm considering moving and/or investing in Wa state.

Are there any counties or neighborhoods in Wa state where cash flow is still viable, the market has upswing potential in terms of the job market & economic strength, and the tenant laws are landlord friendly? I'm open to either a SFH or multi-family.

SB 5160 Eviction Ban Bill -- mandates that housing providers renew any rental agreement or month-to-month tenancy for 2 years after the end of the emergency period ends, unless the property owner sells the unit, or moves into the unit themselves.

*Did this part of the bill pass or was it rejected?

@Jerry Lucker What counties are you invested in?

Thank you everyone for your stellar insight & comments, very helpful! I may have a slightly different opinion but I think the legislature knows exactly what they're doing & Wa state is moving in the same direction of Oregon which is to drive out small to medium investors & have large developers build more stack n packs, which is what's happening in Portland now. These are large buildings with tiny sq ft (under 200) that go for a premium, and even tiny rooms with shared bathroom & kitchens going for $700+ monthly. I believe this is the future of the PNW & other states to follow.

Then you factor in pro poverty laws such as decriminalizing hard core drug possession & you will see an increase in homelessness, poverty, inflation, small businesses moving elsewhere, more trash on the streets & higher taxes.

It's a shame as I do enjoy living in the PNW as I love the weather & nature, but I'm just so torn on buying any property there. I could buy in another state but then I would have to be a renter.

If I'm understanding these bills correctly (HB 1236, SB 5139, SB 5160), they mainly only affect landlords until the moratorium ends, or are these laws such as the eviction bill have staying power past the pandemic?

I live in Portland & was considering buy a SFH home but all the backwards pro tenant laws, rent control, extended moratoriums & longer to evict timelines have ruled it out. I was considering buying a multi-family in Washington state however this state is now following the same footsteps as Oregon.

-Three proposed Wa state anti-landlord bills;

HB 1236, SB 5139, SB 5160

Eviction Ban Bill -SB 5160 also mandates that housing providers renew any rental agreement or month-to-month tenancy for 2 years after the end of the emergency period ends, unless the property owner sells the unit, or moves into the unit themselves. 

Does anyone know if these bills have passed and what resources to call to verify if they have?

Anyone else no longer interested in investing in Wa state?