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:
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.