This'll end well: Portland OR forces landlords to pay relocation costs

http://www.oregonlive.com/politics/index.ssf/2017/02/portland_landlords_must_pay_re.html

Actually that's an idea I can get behind.

I have to agree, a no cause eviction should include relocation costs.

oh darn

10% increases?

That's extortion, not inflation.

It's happened to the place my family lives at. It was one of the more affordable places and a lot of people on Section 8 lived there. Then, they got new management that wants to gentrify the shit outta the place and rents went from $950 to $1300. Ridiculous.

People who've saved up money to invest have no business investing in rental property in Oregon anyway.

My last apartment before buying my house was raising the rent from $749 to $919 when I left. It's not all that uncommon, unfortunately.

There aren't too many loopholes left to evict someone here with, but the one very common (especially with property/rentals inflating monthly) is "for landlord's use", i.e. for relatives or the owners to occupy within 90 days of a termination. THey never do, but the rent gets raised beyond statutory limits for an ongoing tenant. I've had several friends lose places to imaginary people and then that unit is on the market for double what they were paying.

Nothing is fuelling homelessness/housing crises quite like gentrification. My own neighbourhood is in it's last throes as a working/bohemian community-it's market environment slowly being replaced by a food court, it's studios giving way to boutiques. With that, we're losing hundreds of heritage homes and businesses that can no longer afford rents on the stores they've run for decades. The new, upscale neighbours ask "what happened to the cool community around my condo?", and the answer is sadly, "You and your condo happened.".

Oh... and Air BnB has become a scourge on affordable housing. Poverty tourism to down market, but trendy locales can turn a basement bachelor apartment in a house into a 5000/month venture.

It's what SF and I think the rest of CA has.

Shit, it is hard to find a decent one bedroom in a nice part of town for under $1400 here and for that you will get a unit built in the late 1950's.

One bed? Are you kidding? Here, a lousy studio, (10x10 room[3meterx3meter]) and maybe a bath you don't have to share is 1500-1600.

Oh, the poor widdle landlords, having to accept Personal Responsibility for their arbitrary behaviors.

Here, well in the Atlanta, right in the middle of the city, a 1200sq ft 3 bed 2 bath is around $3500. Which is actually more compared to that $15-1600

I am talking acceptable part of town not nice part of town and not ghetto. Hell, downtown most of the studio's in new buildings are around $2000 and places near the beach are much more.

You can get a one bedroom in a place like North Park for $1350-$1450 but it will have been built in 1959, it will probably ly have the original cabinets, and the appliances will be older.

They are just responding to the market. The reality is way back in the early 90's Portland restrict "urban sprawl" which means restricted supply of new units. I am also willing to bet their NIMBY problem is either as bad or worse compared to here so that means every time someone proposed a higher density in existing areas the NIMBYs try to kill it, driving up costs, delaying construction, and further restricting supply. Then people pretend not to understand why the rent is so god damned high.

Compare Portland to Nashville, which did nothing like that. We still have a supply problem, and a huge traffic problem on top of that. Commutes of 20 miles one way are typical. Rents have risen much faster than inflation, and are really out of sync with wages. Rents in undesirable parts of town have nearly doubled since 2010.

Hollywood is good,

not really. I was talking 100sq ft. Here 2 bed 1 bath is 4 gs. 12 thousand to move in. first last one month security.

K town's not too bad.

Agreed. No cause is basically dickhead landlords saying "screw the contract, I'm kicking you out because I can." And we all know that when it's the other way around tenants have to pay a huge fee to break a lease.

Fuck em.

Holy crap - $12,000 to move into an apartment? are the toilets made of gold or something?

Generally speaking no one wants to build cheap multifamily housing. Once you've committed to building an apartment the delta between regular and luxury is small enough that the increase in rents more than makes up for it. Only way to get cheap new multifamily is through subsidy OR to saturate the luxury market to the point where cost is the driver.

Today's cheap multifamily housing was probably high end when it was built. Problem is that overall we didn't build much multifamily housing for 70 years. There's a giant hole in the market. With urban living back in demand (and likely to stay, suburban living was ahistorical and only possible through massive social engineering), there simply isn't the supply to meet it. The only way out is to build, and the market is going to build luxury first. Until supply passes demand ALL that will get built is luxury. Due to zoning restrictions most markets are stuck in this part of the cycle.

There are new townhomes built in a former lumberyard that abut railroad tracks in Nashville. The places are ugly, small (3 floors, but each floor only has about 192 sq. ft), and cost a small fortune. You can literally reach out some of the back windows of those places and touch the train, if you wanted to.

And then there's this idiot.

(More at the link.)

Worse. It's a Key West housing bubble of the worst sort. Back before the mortgage crisis, the realtors were screaming " Location, Location, Location!" A one bedroom shanty with loft space went for a million. Now they are all underwater so the rents are outrageous. Because there are so many hurricanes, wind insurance is outrageous.

Why?

It's hard to find anything for under $1000 in the ghetto.

I've checked.

It is not a cure all but just about everything the government does slows construction and lowers available supply. Let me know when rents are going up 30% per year where you live then we will talk about scale of problems.

The Republican mayor here has tepidly been trying to increase density but even places which make total sense, like along the new trolley expansion line, dates huge NIMBY lawsuits and threats against politicians so they back down and refuse to make things better. There should be no density caps downtown and in adjacent areas but absurdly there is.

Hell, the plan for the trolley expansion only makes sense if they turn SFHs into high density apartments along the tracks. That is how you get enough riders to pay for it but even there the NIMBYs are blocking it. Even downtown high-rises attract NIMBY anger. "Why does it have to be 30 stories instead of just three?".

Get VASH. You are a vet so why not?

And it's like the $15 minimum wage thing. They created this mess, but they did it so long ago that, if you said "see? I told you so," they'd be pissy that you were being a dick over something so old.