I’m not very familiar with Prop 13, but can speak for situations in Oregon which seem quite different. Maybe prop 13 is why. Quickly surging economies create a

I’m not very familiar with Prop 13, but can speak for situations in Oregon which seem quite different. Maybe prop 13 is why. Quickly surging economies create active markets which encourage owners to sell, renovations to happen, and old tenants to be removed for the purpose of raising rent. In Portland in the past 3-4 years, there were quite a few studies done on how this happens and how it is especially risky in places with less families because those left without housing suddenly often have no place to run to. Going back to your point about Prop 13, the Portland issues I just described seem to be recovering by a lot in the last 6 months. I am pretty sure it wasn’t necessarily because of new building though, because the new building in Portland is nearly all luxury condos.