"Swooped up..." (?)

No, they bought this property in a timely fashion and city was not interested. If you are going to throw "shade" best place it where it belongs with The City of Portland. They do not have citizens "best interest" at heart. Revenues from increased property values is the driving force today and will be tomorrow.

This isn't the owner's fault, and he is offering the very generous legally obligated relocation. A bigger issue, that is going to continue to bite us is that no one is building 2 or 3 bedroom apartments. I know studios and one bedrooms are the sweet spot to maximize $/sf, but if we want a city that is marginally inclusive in the future, we need to force the building of some family/roommate housing. The urban utopia the city is pushing seems to be just for the young, single and wealthy.

I plan to take my 3-bedroom rental home off the market and sell it as soon as my current agreement with my tenants expires. That's three more people looking for housing in Portland and three fewer bedrooms to rent.

I am not wealthy and do not have money to provide for Relocation Assistance--so I will not take the risk of being stuck with bad tenants and losing everything. The $10,000 to $12,000 required for Relocation Assistance of 3 tenants means I need to keep almost a year's worth of rent money available in case it's needed. I don't have that and I can't take the risk of renting my house without it.

Big landlords may be willing to take the risk, but I guarantee you they will raise the rents to save for Relocation Assistance. And, when you cap the rent they can charge, they will feel the need to raise rents as much as possible, as often as possible, so they can be ready for those high expense repairs that every landlord has to make.

I honestly have no dog in this fight anymore--I'm selling my rental property. But I just do not see how rents in Portland can be held steady with the new laws that have been passed. How can rents not go up and keep going up?

The City of Portland is not giving me a free place to live in a nice neighborhood in perpetuity, therefore they are not doing enough for me. Ideally, I would prefer a 5-bedroom house in Irvington. Can PTU help me organize a press conference to amplify these very reasonable demands?

"No, they bought this property in a timely fashion and city was not interested."

That's actually completely made-up, untrue and a lie.

I think we should declare a housing emergency across the entire state. Mayor Wheeler owns a second home in Arch Cape. Only greedy, awful, selfish people own more than one home. Mr Wheeler, I would like you to give me your house in Arch Cape. I have drafted a list of demands and established what I deem a reasonable 'naturally affordable' rent that I am willing to pay in perpetuity. PTU, can you also help me organize a press conference?