The New Era - All about Sweet Home since 1929

New rent-control law breaks one that's tried and true: supply and demand

 

March 6, 2019



It’s astounding that, in an effort to further emulate the growing divide between haves and have-nots in California, the Oregon legislature is repeating the insanity that is driving San Franisco’s housing crisis.

Impossibly, legislators and our governor, who signed a law establishing statewide rent controls, believe their actions will result in affordable housing.

They’re right for about five minutes, for about five people.

Make sure landlords can’t raise rents and renters won’t have to pay more. That, no doubt, is the thinking of the politicians in Salem who believe they can c...



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