Comment by briffle

In Oregon, they passed a statewide rent control. They pointed out repeatedly at how rent had gone up 30% over five years.

The solution, is that now landlords can only increase rent 7% (plus inflation) per year. This year, its something like 9%.

Apparently, someone forgot to figure out what >7% per year for 5 years is..... Its 40%, before the inflation numbers are added in.