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There is something worse than growing housing rents: a permanent housing shortage. That’s what rent control gives a city. Rental prices go up as demand growth begins to outpace supply growth, but markets adjust when those higher prices signal profits … Continue reading
By Steve Buckstein Decades of research and experience tell us that raising the government-imposed minimum wage results in fewer younger and lower-skilled individuals being hired, and in some of them losing jobs they previously held at lower wages.* Decades of … Continue reading
By Steve Buckstein Once again, Portland led the nation this July with its home prices rising 12.4 percent year-over-year versus the national average of just 5.0 percent. As of April, Portland remained the 12th most expensive rental market in the … Continue reading