California Approves Statewide Rent Control
I am a landlord in Oregon, but not California.  The curious, although ultimately predictable, outcome of the new rent control measure in Oregon is that while I have historically had an arrangement with my property management to be restrained in annual rent increases, they are now advising a default annual increase of the maximum allowed (7 percent before inflation).  This is because larger adjustments cannot be made if and when necessary due to market conditions, so it&#x27;s smart to just steadily increase rent at the maximum rate permitted.  If I agree, I believe the result will be more profitable for landlords, and hurtful to tenants.<p>The real solution to a housing problem is to incentivize and facilitate the building of more housing.  ADUs, relaxed zoning, reduced building regulations, reduced fees for permitting, etc.  I fear rent control is actually going to do more damage to the housing market than good.