[markem]

Oregon just became the first state with rent control state-wide. The new law limits rent increases to 7% per year.

The motivating statistic was that rent increases in the expensive areas of Portland have increased 30% since 2011.

I'll just wait here while you do the math.

In essence, Oregon has implemented a rent control that allows all previous, but objectionable, rent increases and then some.

In my opinion, the whole purpose of this bill was to trick people into thinking that Portland was not an overpriced market for rent. Hint: it is. Further hint: don't move here if you want to live in PDX proper and rent (only consider the burbs). BTW, houses in the PDX core are now $1M plus. The only good news is that PDX proper is just the 2 mile x 1 mile core.

Oh yeah, there are more expensive places nearby. Noticeably just outside the core.