Tilbury Ferguson Investment Real Estate, Inc.

We’ve sued Seattle again!

This interesting article that states that Seattle is being sued over a new ordinance that bans landlords from running criminal background checks. Although this would benefit convicts by allowing them to reintegrate, the ordinance disregards landlords’ constitutional rights. Click the link below for more information.   https://pacificlegal.org/weve-sued-seattle-again/    

Portland’s Affordable Housing Includes 2,090 Units in Buildings That Would Crumble in a Big Earthquake

Four years ago, scientists reported that at any unforeseen time an earthquake could cause over 1,600 unreinforced buildings in Portland to crumble.  This article addresses Portland’s response, and how new safety requirements could cost the city a great deal of money.     http://www.wweek.com/news/city/2018/05/09/portlands-affordable-housing-includes-2090-units-in-buildings-that-would-crumble-in-a-big-earthquake/  

California Apartment Landlords Dump Properties Ahead of Rent Control Vote

New policies attempting to enforce rent control have caused California investors to sell or hold off on buying properties in their home state. Although brokers and owners say that this damages the real estate market, advocates are skeptical. Read below for more information.     https://www.wsj.com/articles/california-apartment-landlords-dump-properties-ahead-of-rent-control-vote-1526404269  

Tax Cuts & Jobs Act – Summary & Analysis (Nov. 2017)

We thought you might be interested in the attached, which is a good summary of the tax reform bill affecting our industry as it moves through Congress.  Although some of these things have been widely discussed, we were not aware of the limitation on net interest expense.  It will be interesting to see what provisions […]

Portland Market Update (Jan. 2017)

The Portland area apartment market remains strong, but some of the things, which have been predicted, are finally coming about.  After years of record rent growth and very low vacancy, the  impact of the new construction is having an impact, particularly for upper end close-in units. Also, in February the Portland City Council is expected […]

4th Quarter market update (Nov. 2016)

See below for some interesting new data on our market.  Between the continued in-migration, home prices which have risen steeply and are expected to continue to do so, all the new multi-family construction and concerns over affordability, there is a lot going on.  It is still a very good time to be a property owner, […]

Portland considers inclusionary zoning (Sep. 2016)

What should cities do to tackle growing housing affordability problems? Is inclusionary zoning a good way to provide more affordable housing, or will it actually worsen the constrained housing supply that’s a big cause of higher rents?  – Joe Cortright, CityObservatory  

The changing landscape of the Portland housing market

Attached are three things related to our market, which we thought you might find of interest.  They show how the city is changing or will be changing.  One of the items is the just released City of Portland comprehensive plan, a 20 yr. long range plan originally developed in 1980.  Periodic  updates of the plan […]

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