Quote:
Originally Posted by muertecaza
The solution doesn't seem very well tailored to the problem (if they truly think there's a problem). The law limits rent increases to 7%/year when rents in Portland (which has had the greatest increases in the state) increased 30% in 8 years, or 3.75%/year? And it doesn't apply to < 5 unit buildings or buildings newer than 15-years-old? What's the point of this law?
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It's 7% plus CPI. That's a pretty damn weak "rent control" law. It would hardly ever apply.
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