Opinion: Last week Oregon became the first state to enact statewide rent control. It's hard to identify an economic policy with a more proven record of destruction, writes The Editorial Board.
Governor Kate Brown signed legislation last week making Oregon the first state to enact statewide rent control. One would be hard put to identify an economic policy with a more proven record of destruction. Democrats say the law will ease the state’s housing-affordability crisis, but it will make it worse.
Effective immediately, the law prohibits landlords from raising rent by more than 7% over inflation on non-subsidized buildings, with exemptions for the first 15 years of occupancy. It severely restricts when landlords...Kate Bachelder Odell, Mary O'Grady, Allysia Finley and Dan Henninger discuss their hits and misses of the week which include the Trump administration’s tax reforms, Wisconsin governor Tony Evers and Alexandria Ocasio-Cortez.
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