Read the Referendum

Proponents of Question 1- the Rent Control referendum - fought very hard to keep voters from reading the full text of their proposal. And we know why -- this ordinance will be a disaster for Portland. It's full of things that will cause problems, and it leaves so many unanswered questions.

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Paul Krugman on the damaging impact of Rent Control

The analysis of rent control is among the best-understood issues in all of economics, and -- among economists, anyway -- one of the least controversial. In 1992 a poll of the American Economic Association found 93 percent of its members agreeing that ''a ceiling on rents reduces the quality and quantity of housing.'' Almost every freshman-level textbook contains a case study on rent control, using its known adverse side effects to illustrate the principles of supply and demand. 

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The High Cost of Rent Control: Reducing both the quality and quantity of available housing

Rent Control has failed over and over again. Below is a breakdown of the multifaceted disaster that rent control causes, as outlined by the National Multifamily Housing Council:

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"SAY NO TO RENT CONTROL” Announces Opposition to Rent Control in Portland

PORTLAND, ME – “Say No to Rent Control” announced today its formal opposition to a proposed ballot referendum to implement rent control in the City of Portland. The coalition was formed in response to immediate public outcry over the highly controversial ballot referendum. 

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