Welcome to your Local Mortgage Report. My name is Lauren Hatmaker.
Have you heard how much a landlord can raise rent in Oregon this year?
The answer is almost 15%!
In 2019, as you may remember, Oregon’s law changed to allow landlords to increase rent at a max CAP of 7%, plus the West Coast Consumer Price Index, which measures inflation.
We all know inflation remains high – and this is a direct result.
A family friend recently contacted me after their landlord raised their rent by $300.
When we spoke a couple of years ago, they set up a budget, they’ve tracked their expenses, and they prioritized saving a down payment.
NOW – they’re ready to buy.
If you are tired of paying your landlord’s mortgage, call us today –
WE MAKE IT EASY.
Join us again – every Wednesday – during the 6:30 news for your Local Mortgage Report.