News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Oregon tried a rental increase cap, it's not working:
https://www.opb.org/article/2023/09/26/oregon-rent-increase-caps/
"In 2019, Oregon became the first state in the country with statewide rent control. For market-rate housing 15 years or older, the rent increase can be 7 percent plus inflation as measured by the consumer price index, according to state economist Josh Lehner.
But as inflation spiked in recent years, so did rent. In July, lawmakers amended the limit to impose a potentially tighter cap of 10%, when the calculation of 7% plus inflation would be higher than that.
“If that number of 7% plus inflation is larger than 10%,” Lehner said, “then the cap applies.”
Next year the allowable increase would have come in at 12.6% if not for the cap, Lehner’s office found, because of high inflation.
Tenant advocates in Oregon applaud the new cap, but point out some renters will still be dealing with steeper rent increases.
“This does not apply to our newer construction apartments,” Kim McCarty, executive director of the nonprofit Community Alliance of Tenants, said. “That’s still a problem.”"
That hardly sounds like “it’s not working” and more like the cap was just calibrated poorly at the start and needs to be expanded to cover more renters.
Yeah, and there have also been weird things with cutoff dates. There was one year where the cut off was just before the highest inflation, so landlords increased prices as high as they could to make up for "missing" the inflation bump:
https://www.opb.org/article/2022/09/13/oregon-maximum-rent-increase-announced/
I am so lucky I got out when I did. I had been renting a 3 bedroom apartment for $1,800 a month.
In 2021, I took the cash I banked working from home and bought a 3 bedroom house. Mortgage is $2,000 a month.
My old apartment is now $2,300 a month.
Yikes. Good on you for buying a place. I got straddled with a $2500/mo place during COVID because my roommates all flaked before me lol. That shit was not fun.
Man, I would love a 3 bedroom apartment for that!
Living in SF Bay area.
Well, you just need to downgrade to Tualatin, Oregon. :)