@sfdragonboy must be happy - less people in the worldclass city.
Will Seattle really become the next San Francisco?
Well, I am not down there often so I could care less about San Jose. It is crowded when we want some Boiling Crab action though…
Property taxes are going up by 17%+ this year. It seems unfair to limit rent increases when property taxes can increase that much. There’s a lot of new apartment inventory coming online in the next few months. One of the constructions sites I walk past every day is now leasing. Two more look like they’ll be ready this summer. These are huge buildings that take up a full block each. I think rents will start to level out some.
“One of the wrinkles in this law is that Portland does not have a lot of data collection built into it.”
This is a huge issue. How else can people know if a policy is actually working? Instead, people will rely on emotions.
The city is trying. They want to tax employers with gross revenue above $10M to create $75M in tax revenue to help the homeless. The article covers why it’s a terrible idea.