I’m surprised that your list of bills didn’t include the rent control legislation, which will likely reduce the supply of apartments somewhat. The advocates viewed the exemption for buildings less than 15 years old as exempting new construction, however we know that restricting future income for the next 84 years (99 years minus 15) will reduce the value of a development project and deter investment. Oregon has a black market for apartment investors nationwide.

Of course, the failure to fix Portland’s inclusionary zoning fiasco and increase land to Portland’s UGB are more serious problems for housing development in the region. The failure of the Legislature to act on those issues is a shame.