Rent Control: A Good Idea?

Hey, Travis Daggett with Cornerstone Properties. I’m in Eugene today, and I talked to a number of landlords, quite a few people with rentals, anywhere from a single family to a duplex, triplex, quad, apartment complexes. One of the things that’s come up lately, is the subject of rent control.

So, I’m gonna talk about this in three different videos so I can address three different ideas, and in Oregon, we have someone in the legislator named Tina Kotek, and I think that’s how you say her name. She’s proposing rent control, and this isn’t anything new in the history of economics, certainly not in the history of our country or even our state, at least as a proposal. She’s wanting to pass rent control.

Just a few of the things that she said about rent control, and what it’s gonna do, supposedly, or the benefits. She said it’ll stabilize rents, it’ll provide landlords with fair returns, that we have an unpredictable rental market and this will help. She said it’s a short-term fix. She also said that eviction is unfair. She said that if landlords want to raise the rent, they have to make their case. I suppose that’s make their case to her, or those she puts into power.

She said, it’s a process that protects investors and tenants. She said, this is not like the old rent control that wasn’t so good. This is nuanced and sophisticated rent control.

And she also said it reduces displacement. I suppose that means, reduces people being evicted or not having a place to live.

So, if you didn’t get a little bit of an idea of, perhaps, a little sense of arrogance or pride, or superiority, on behalf of Tina and representing the government in knowing what’s best for the economy, knowing what’s best for real estate, and getting more specific knowing what’s best for the rental market and landlords, of how to run their business. Just pay a little more attention. You’ll pick that up from her.

So, that’s kind of an overview of the proposal of rent control, or the supposed benefits, and I’m gonna spend time in three different videos that follow, responding to each of those. ‘Cause there’s three main areas of focus to show that, unfortunately, that’s been attempted over and over and over and over and over. And been done in cities all across the United States, not to mention the world, and the results are very predictable. They are always the same. It’s just the name and the city that has changed.

So, I’ll talk about the specifics in the next video. Thanks for watching. Again, I’m Travis Daggett with Cornerstone Properties.

Video Transcription

Speaker 1: Hey, Travis Daggett with Cornerstone Properties. I’m in Eugene today, and I talked to a number of landlords, quite a few people with rentals, anywhere from a single family to a duplex, triplex, quad, apartment complexes. One of the things that’s come up lately, is the subject of rent control.

So, I’m gonna talk about this in three different videos so I can address three different ideas, and in Oregon, we have someone in the legislator named Tina Kotec, and I think that’s how you say her name. She’s proposing rent control, and this isn’t anything new in the history of economics, certainly not in the history of our country or even our state, at least as a proposal. She’s wanting to pass rent control.

Just a few of the things that she said about rent control, and what it’s gonna do, supposedly, or the benefits. She said it’ll stabilize rents, it’ll provide landlords with fair returns, that we have an unpredictable rental market and this will help. She said it’s a short-term fix. She also said that eviction is unfair. She said that if landlords want to raise the rent, they have to make their case. I suppose that’s make their case to her, or those she puts into power.

She said, it’s a process that protects investors and tenants. She said, this is not like the old rent control that wasn’t so good. This is nuanced and sophisticated rent control.

And she also said it reduces displacement. I suppose that means, reduces people being evicted or not having a place to live.

So, just, if you didn’t get a little bit of an idea of, perhaps, a little sense of arrogance or pride, or superiority, on behalf of Tina and representing the government in knowing what’s best for economics, knowing what’s best for real estate, and getting more specific knowing what’s best for the rental market and landlords, of how to run their business. Just pay a little more attention. You’ll pick that up from her.

So, that’s kind of an overview of the proposal of rent control, or the supposed benefits, and I’m gonna spend time in three different videos that follow, responding to each of those. ‘Cause there’s three main areas of focus to show that, unfortunately, that’s been attempted over and over and over and over and over. And been done in cities all across the United States, not to mention the world, and the results are very predictable. They are always the same. It’s just the name and the city that has changed.

So, I’ll talk about the specifics in the next video. Thanks for watching. Again, I’m Travis Daggett with Cornerstone Properties.

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