City policies to help renters may have backfired, causing rentals to disappear, a new report finds.
After a period of confusion, a revised economic report confirms the loss of single-family, detached rental houses in Portland and the larger metropolitan region.
If fact, the revised report says that nearly six times more rental houses were lost between 2015 and 2020 than the original report claimed.
Both reports were prepared by the ECONorthwest economic consulting firm for Oregon real estate professionals and Multifamily Northwest, which represents landlords.
“The loss of the detached rental stock is widespread across the region, with 90% of tracts having fewer units today than in 2014. The number of units lost was more heavily concentrated in neighborhoods with lower home prices across the region,” reads the new report titled, “Single Family Detached Rental Housing Trends from 2015 to 2020 in the Portland Metro Region”
The first report was
