Aren’t fish supposed to be soothing? Aren’t you sick of counting sheep? And don’t sheep smell? Consider this aqua bed!
2. Indoor-Outdoor Pool
Ok, this one may be a little impractical in our Wisconsin climate, not to mention being a bit of a budget buster. But what if you hit the lottery? You’ve got to be ready for when good fortune smiles your way!
3. Chandelier That Turns Your Room into a Forest
Hey, every day can be Halloween now. Pass the candy corn!
We talked about it being considered, but now rent control is the law of the land in Oregon. In the past, rent control has been limited to certain cities, primarily in New York and California. But for the first time, an entire state has decided to drink this kool-aide.
Rents have been going up fast in Oregon and it’s not hard to understand why. According to the Wall Street Journal, for every 100 new households formed in Oregon, there has been only 63 new housing units built. Rising demand in the face of inadequate supply always results in higher prices.
So why aren’t the builders building more?
Government regulations designed to reduce urban sprawl and preserve land for farms and forests have resulted in sky high land prices and cities with nowhere to go. Take for example Bend Oregon. In 1990, the population was 20,000. Previous state legislation established an urban growth boundary limited to 20,600 acres. Today the population is 95,000 but available land for development is limited to only 24,000 acres. That’s about 75,000 people, nearly four times as many, competing for a 16.5% increase to land area of just 3,400 acres. No wonder prices are going up.
In other words, government regulation created this problem and now the regulators are going to step in to fix it with additional regulation. Rent control always results in decreased supply of new housing. While the ink is hardly dry on this new law, multi-family permits are already down 64% from a 2017 inclusionary zoning policy that forced landlords to rent 8%-15% of their units at below market rates. This new rent control meddling will precipitate further decline.
In the meantime, places like Dallas, Texas are surprisingly affordable and while Dallas has also enjoyed rapid household growth, housing cost have not sky rocketed, for one simple reason: In Dallas, the government will let you build.
Oregon is poised to become the first state to enact rent control state wide. Frustrated with increasing rents, officials believe something must be done.
Never mind that rent control is a bad idea that even lefty economists like Paul Krugman condemn. The problem is, rent control results in diminished supply of new rental units and accelerated deterioration of existing rental housing stock because landlords can’t afford to maintain their properties and why should they? The resulting imbalance of diminished supply to ever increasing demand means that tenants are clamoring to live in poorly maintained junk.
Ironically, exploring the causes of high rent points us right back to government. Government regulation of housing and building codes makes it more difficult and more expensive to supply the market, resulting in higher cost of construction and fewer apartments being built. Higher rents result.
One of the leading proponents of rent control in Oregon is Margot Black of Portland Tenants United. She has this to say about landlords: “Homegrown Oregonians tend to be white and racist…I think the faster they can get out of the landlord business, the better.”
Before anyone reacts to the idea that passing judgment on an entire group of people is itself racist, I want to assure you that as a white landlord, we are all in fact the same! You can generalize about all of us based upon the experience you had with any one of us, particularly if that experience was a bad one.
Don’t be flustered about where to put the lava lamp. The key to decorating success is to start with a great apartment.
Hey, you’ve got some nice stuff, why put it all in some dump? That’s why you should be calling the Skyview Apartments home. We’ve got everything you need and it’s all like brand new. Spacious room sizes, heat included and available garages because you’ve got a nice car too. And all at a price that won’t break the bank.
Bing Crosby may be dreaming of a white Christmas, but here in reality land, we’re kind of dreading it. Sure it looks beautiful, right until the moment you slip and fall and smash your teeth on the curb. We can’t have that, so Ventrac to the rescue!
Ventrac is the manufacturer of our enclosed cab heated snow removal machine. It’s designed for sidewalk snow removal. Ordinarily, getting snow off the sidewalk means long miserable hours of walking behind a snow blower in the cold. But not now. This thing is so much fun, it’s probably going to be a new ride at Disney Land.
So when Old Man Winter goes on the prowl, we’ll be ready to clear that snow faster than a speeding bullet at our brand new Catalina Crossing Apartments in Madison. Take that Bing Crosby!